Northmarq Richmond secures a $6.9M recapitalization of the 142,000 SF office in Richmond, VA.
Richmond, Va. – Keith Wells, managing director, and Win Martin, vice president, of Northmarq’s Richmond Debt + Equity team, successfully arranged $6.9 million in financing for the recapitalization of the 142,000-square-foot Premier Tech Center. The suburban office building is strategically located off Parham Rd and Interstate 64 and holds a robust tenant mix. The Bank financing consists of a fixed rate and 5-year term, amortized over 25 years.
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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 $80 billion and has completed $91.3 billion in transactions over the past fours years. At Northmarq, collaboration fuels results, helping clients achieve success in every market, nationwide.
