NorthMarq Capital secures $42 million in permanent financing for multifamily property in Herndon, Virginia
WASHINGTON D.C. (May 25, 2018) NorthMarq Capital’s Washington, D.C. regional office arranged permanent financing of $42 million for Woodland Park II, a mid-rise, Class A, apartment complex consisting of 269 units. The subject is strategically located within the Dulles technology corridor in Herndon, Virginia and conveniently located in close proximity to Reston Town Center and Dulles International Airport. NorthMarq secured a 35-year fixed-rate, life company loan with additional advance features throughout the loan term.
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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.
