NorthMarq’s Washington, D.C. office completes $15.4 million acquisition financing for residential property in Manassas, Virginia
Residential Property
WASHINGTON, D.C. (October 25, 2019) – NorthMarq arranged a $15.4 million acquisition loan for a 105-unit multifamily property located in a mixed residential and commercial area of Manassas, Virginia. The area is within walking distance to Historic Manassas, shops, restaurants and the Virginia Railway Express.
The property is located 32 miles southwest of Washington, D.C. Manassas is rife with historical significance as a key part of the country's Civil War history in the early 1860s.
Interstate 66, which offers access to Northern Virginia and Washington, D.C., is located less than eight miles to the north.
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About Northmarq
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.
