Office - Debt

NorthMarq Capital

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.

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.