NorthMarq Capital’s Washington, D.C. office arranges permanent financing of $12 million for office property in Washington, D.C.
Office Property
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.
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Northmarq is one of the largest privately held commercial real estate firms in the United States, combining a nationwide presence with deep local expertise. With more than 50 offices across the country, we provide a full suite of debt, equity, investment sales, loan servicing and fund management solutions for a comprehensive range of property types. Our unique structure allows us to connect clients with the best opportunities, yet be nimble enough to ensure access to every expert across our company. The firm manages a loan servicing portfolio of over $78 billion and has completed $69.5 billion in transactions over the past three years. At Northmarq, collaboration fuels results, helping clients achieve success in every market, nationwide. For more information, visit www.northmarq.com.
