NorthMarq’s Washington, D.C. office negotiates $15 million bridge financing for Westfields office buildings
Westfields Office Buildings
WASHINGTON, D.C. (December 19, 2018) – Northmarq’s Washington regional office arranged $15 million in Bridge Financing for two class A office assets totaling 89,000 square feet. The pair of buildings, located in Westfields Corporate Center, are strategically located at the southwestern quadrant of Routes 50 and 28 in Chantilly, Virginia. The fully renovated assets have proximity to Dulles International Airport, nearby hotels, restaurants and amenities. The non-recourse financing will assist the sponsor in its’ lease-up with funds available for tenant improvements and leasing commissions.
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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.
