Office - Debt

NorthMarq Capital

NorthMarq Capital arranges permanent financing of $39 million for Washington, D.C. office property

WASHINGTON D.C. (August 30, 2018) – NorthMarq Capital’s Washington D.C. regional office arranged permanent financing of $39 million for a mid-rise, multi-tenant office property located in Washington, D.C. The 117,931 sq. ft. property is 100 percent leased and occupied by 26 tenants, featuring a well-balanced and manageable rollover schedule. This property has consistently outperformed the market, which is evidenced by its historical occupancy and stable operating performance.

The property, which was constructed in 1967 and renovated in 1982 and 1998, is strategically located one block from the United States Capitol, is less than one mile from I-395 and is within walking distance of three Metrorail Stations: Union Station (Red Line), Judiciary Square (Red Line), and Archives-Navy Memorial (Green & Yellow Line). 

NorthMarq Capital, the largest privately held commercial real estate financial intermediary in the U.S., provides debt, equity and commercial loan servicing through over 300 mortgage banking professionals in regional offices coast-to-coast and services a loan portfolio of more than $52 billion. In select markets, the company offers multifamily and manufactured housing investment sales through NorthMarq Multifamily. As a leader in capital solutions through long-term relationships with life companies, CMBS platforms and local, regional and national banks, the company also has a long track record of multifamily loan origination through Freddie Mac, Fannie Mae and FHA/HUD. For more information please visit www.northmarq.com.