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.

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.