Northmarq’s Washington D.C. office arranges $11 million refinance of White Marsh Business Center in Nottingham, Maryland
White Marsh Business Center
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.
About Northmarq
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.
