Multifamily - Debt

NorthMarq negotiates $20 million acquisition loan for multifamily property in Manassas, Virginia

WASHINGTON, D.C. (October 30, 2019) – NorthMarq’s Washington, D.C. debt/equity team collaborated to negotiate a $20 million acquisition loan for a 139-unit multifamily property located in Manassas, Virginia. 

The community offers easy access to a variety of local and national retailers and is in close proximity to the Virginia Railway Express commuter rail line and the many shops, restaurants and boutiques in historic Downtown Manassas.

Located 32 miles southwest of Washington, D.C., Manassas is rife with historical significance as a key part of the country’s Civil War history in the early 1860s. Interstate 66, which offers access to Northern Virginia and Washington, D.C., is located less than eight miles to the north.

As a capital markets leader, NorthMarq offers commercial real estate investors access to experts in debt, equity, investment sales, and loan servicing to protect and add value to their assets. For capital sources, we offer partnership and financial acumen that support long- and short-term investment goals. Our culture of integrity and innovation is evident in our 60-year history, annual transaction volume of more than $14 billion, loan servicing portfolio of more than $61 billion and the multi-year tenure of our nearly 600 people.