Northmarq Richmond completes $22M in acquisition financing for office building in Charlottesville, VA
CHARLOTTESVILLE, Va. (July 26, 2023) — Keith Wells, managing director of Northmarq’s Richmond Debt + Equity office successfully arranged the $22 million acquisition financing for CFA. Built in 2012, the 111,750-sq.-ft. office building sits on 2.25 acres at 915 E High Street in Charlottesville, Virginia. The permanent-fixed loan was structured on a 7-year term followed by a 30-year amortization schedule. Northmarq secured the financing through a regional bank.
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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.
