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.
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