NorthMarq negotiates $20 million acquisition loan for multifamily property in Manassas, Virginia
Multifamily Property
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.
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About Northmarq
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.
