NorthMarq arranges $22.4 million mortgage for Oakwood Corporate Apartments in Gaithersburg, Maryland
WASHINGTON, D.C. (December 13, 2013) – Gary McGlynn and Jason Smith of NorthMarq’s Washington, D.C. regional office, arranged acquisition financing of $22.4 million for Oakwood Corporate Apartments, a 136-unit, market-rate multifamily property located at 9890 Washingtonian Boulevard in Gaithersburg, Maryland. The asset is a class "A" corporate apartment building operated as an Oakwood Apartment property. NorthMarq arranged this financing for the borrower through one of NorthMarq’s exclusive insurance company capital sources. “This high-rise apartment property is uniquely located in the heart of Washingtonian Center and Rio Entertainment Center, a vibrant mixed-use development in Gaithersburg, Montgomery County, Maryland,” McGlynn said.
Meet our team
Northmarq is a full-service capital markets resource for commercial real estate investors, offering seamless collaboration with top experts in debt, equity, investment sales, loan servicing, and fund management. The company combines industry-leading capabilities with a flexible structure, enabling its national team of experienced professionals to create innovative solutions for clients. Northmarq's solid foundation and entrepreneurial approach have built an annual transaction volume of more than $39 billion and a loan servicing portfolio of more than $76 billion. Through the 2022 acquisition of Stan Johnson Company and Four Pillars Capital Markets, Northmarq established itself as a provider of opportunities across all major asset classes. For more information, visit: www.northmarq.com.
