NorthMarq Capital arranges permanent financing of $16.5 million for multifamily property in Manassas, Virginia
Multifamily Property
WASHINGTON D.C. (November 1, 2018) – Gary McGlynn, senior vice president/managing director and Jason M. Smith, senior vice president/senior director of NorthMarq Capital’s Washington, D.C. regional office arranged permanent financing of $16.5 million for a 148-unit premier apartment complex located in Manassas, Virginia. The property delivered in 2011 and offers luxury apartments and townhomes in the heart of Manassas. NorthMarq secured a 10-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.
