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). 

As a capital markets leader, NorthMarq offers commercial real estate investors access to experts in debt, equity, investment sales, and loan servicing to protect and add value to their assets. For capital sources, we offer partnership and financial acumen that support long- and short-term investment goals. Our culture of integrity and innovation is evident in our 60-year history, annual transaction volume of $13 billion, loan servicing portfolio of more than $55 billion and the multi-year tenure of our more than 500 people.