NorthMarq Capital secures $42 million in permanent financing for multifamily property in Herndon, Virginia
Multifamily Property
WASHINGTON D.C. (May 25, 2018) NorthMarq Capital’s Washington, D.C. regional office arranged permanent financing of $42 million for Woodland Park II, a mid-rise, Class A, apartment complex consisting of 269 units. The subject is strategically located within the Dulles technology corridor in Herndon, Virginia and conveniently located in close proximity to Reston Town Center and Dulles International Airport. NorthMarq secured a 35-year fixed-rate, life company loan with additional advance features throughout the loan term.
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Northmarq is one of the largest privately held commercial real estate firms in the United States, combining a nationwide presence with deep local expertise. With more than 50 offices across the country, we provide a full suite of debt, equity, investment sales, loan servicing and fund management solutions for a comprehensive range of property types. Our unique structure allows us to connect clients with the best opportunities, yet be nimble enough to ensure access to every expert across our company. The firm manages a loan servicing portfolio of over $78 billion and has completed $69.5 billion in transactions over the past three years. At Northmarq, collaboration fuels results, helping clients achieve success in every market, nationwide. For more information, visit www.northmarq.com.
