NorthMarq Capital arranges $18.5 million permanent financing for retail property in Washington, D.C.

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WASHINGTON, D.C. (November 7, 2016) – Jason M. Smith, senior vice president and Gary McGlynn, senior vice president/managing director of NorthMarq Capital’s Washington, D.C.-based regional office, arranged permanent financing of $18.5 million for a 97,213 sq. ft. neighborhood retail property located in Washington, D.C. The grocery anchored center is less than a mile from Naylor Road Metro. This property tenancy includes: Safeway, Rainbow, Pizza Hut, United States Post Office, among others. Financing was sourced from an insurance company relationship NorthMarq has had for many years.

Northmarq is a full-service capital markets resource for commercial real estate investors, offering seamless collaboration with top experts in debt, equity, investment sales, loan servicing, and fund management. The company combines industry-leading capabilities with a flexible structure, enabling its national team of experienced professionals to create innovative solutions for clients. Northmarq's solid foundation and entrepreneurial approach have built an annual transaction volume of more than $39 billion and a loan servicing portfolio of more than $76 billion. Through the 2022 acquisition of Stan Johnson Company and Four Pillars Capital Markets, Northmarq established itself as a provider of opportunities across all major asset classes. For more information, visit: www.northmarq.com.

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