Northmarq finalizes $18 million refinance for Sunnyside Industrial Center in Beltsville, MD
WASHINGTON, D.C. (Nov. 15, 2023) — Jason Smith, SVP/managing director, and Gary McGlynn, SVP/managing director, of Northmarq’s Washington, D.C. Debt + Equity team secured the $18 million refinance of Sunnyside Industrial Center. The ±250,000 sq. ft. industrial property is located at 5700 Sunnyside Avenue in Beltsville, Maryland. Northmarq arranged financing on behalf of the borrower through its relationship with a life insurance company.
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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.
