Office
Debt & Equity

NorthMarq Capital’s Washington, D.C. office arranges permanent financing of $12 million for office property in Washington, D.C.

WASHINGTON, D.C. (October 20, 2017) – NorthMarq Capital’s Washington, D.C. regional office secured $12 million in permanent financing for a 65,824 sq. ft. (vacant) Class-B office building located in Washington, D.C.’s Southwest sub-market. The asset, with proximity to Metro, presents a significant opportunity to take advantage of some of the districts most exciting developments, including the $2 billion Wharf development project along the waterfront. The renovation and releasing of the property is an attractive opportunity which will benefit from the Southwest D.C.’s transformation from a government intensive market to a multifaceted community that offers expanded retail amenities, first class hotels and luxury residential properties.

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.

44778236-17e4-4174-8918-8cc4f3c13db7
Office Property
Debt
$12,000,000