NorthMarq Capital’s Washington, D.C. office provides permanent loan of $11.2 million for TownePlace Suites Frederick in Frederick, Maryland
TownePlace Suites
WASHINGTON, D.C. (August 18, 2015) – Gary McGlynn, senior vice president/managing director of NorthMarq Capital’s Washington, D.C. based regional office negotiated the $11.2 million permanent loan for TownePlace Suites Frederick, a 120 unit LEED Certified hospitality property located at 5050 Westview Drive in Frederick, Maryland.
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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 $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.
