Multifamily - Debt

NorthMarq Capital arranges permanent financing of $13.5 million for three multifamily properties in Washington, D.C.

WASHINGTON, D.C. (November 1, 2018) – Jason M. Smith, senior vice president/senior director and Gary E. McGlynn, senior vice president/managing director of NorthMarq Capital’s Washington, D.C. regional office arranged permanent financing of $13.5 million for three multifamily properties consisting of a combined 209 units. The properties are located along the 16th Street Corridor in the Columbia Heights neighborhood of the District of Columbia, and are within walking distance of the Columbia Heights and Georgia Avenue-Petworth metro stations. NorthMarq secured a 10-year, fixed-rate life company loan with additional advance features throughout the loan term.

As a capital markets leader, NorthMarq offers commercial real estate investors access to experts in debt, equity, investment sales, and loan servicing to protect and add value to their assets. For capital sources, we offer partnership and financial acumen that support long- and short-term investment goals. Our culture of integrity and innovation is evident in our 60-year history, annual transaction volume of more than $14 billion, loan servicing portfolio of more than $61 billion and the multi-year tenure of our nearly 600 people.