Northmarq’s Washington D.C. office arranges $11 million refinance of White Marsh Business Center in Nottingham, Maryland
WASHINGTON, D.C. (June 9, 2022) – Kevin Gentzel, vice president of Northmarq’s Washington, D.C. debt/equity team, finalized the $11 million refinance for White Marsh Business Center. The 134,985 sq. ft. industrial flex property (last renovated in 1988) is located at 5020-5026 Campbell Boulevard in Nottingham, Maryland. The transaction was structured with a fully amortizing 30-year term. Northmarq negotiated the permanent-fixed loan for the borrower through its correspondent relationship with a life insurance company.
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 a loan servicing portfolio of more than $76 billion and a two-year transaction volume of $52 billion. For more information, visit www.northmarq.com.
