NorthMarq Capital’s Richmond office arranges permanent financing of $2.580 million for office property in Champaign, Illinois
Office Property
RICHMOND (August 31, 2018) – Keith Wells, senior vice president/managing director of NorthMarq’s Richmond regional office, arranged permanent financing of $2.580 million for the GSA GOV building office property located in Illinois. The terms of the financing were a fixed- rate, 10-year term with a 25-year amortization and is pre-payable at par, non-recourse.
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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.
