Northmarq secures $6.75M refinance of medical building in Fredericksburg, VA
FREDERICKSBURG, Va. (September 2023) — Daniel Siesser, senior vice president of Northmarq’s Washington, D.C. Debt + Equity office successfully arranged the $6.75 million refinance of The Jefferson, a 72,000-sq.-ft. office building located at 150 Riverside Pkwy in Fredericksburg, Virginia. Built in 2005, the 6.78-acre property was refinanced through Northmarq’s correspondent relationship with a life insurance company. The permanent, fixed-rate loan was structured with a 10-year term and a 30-year amortization schedule.
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