Industrial - Debt

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 an industry-leading capital markets resource for commercial real estate investors, offering seamless collaboration with top experts in debt, equity, investment sales and loan servicing. We combine industry-leading capabilities with an open, flexible structure, enabling our team of seasoned professionals to create innovative solutions for clients. Our solid foundation and entrepreneurial approach have built an annual transaction volume of over $30 billion, and loan servicing of nearly $70 billion.