NorthMarq Capital’s Washington, D.C. office arranges permanent financing of $12 million for office property in Washington, D.C.
Office Property
WASHINGTON, D.C. (October 20, 2017) – NorthMarq Capital’s Washington, D.C. regional office secured $12 million in permanent financing for a 65,824 sq. ft. (vacant) Class-B office building located in Washington, D.C.’s Southwest sub-market. The asset, with proximity to Metro, presents a significant opportunity to take advantage of some of the districts most exciting developments, including the $2 billion Wharf development project along the waterfront. The renovation and releasing of the property is an attractive opportunity which will benefit from the Southwest D.C.’s transformation from a government intensive market to a multifaceted community that offers expanded retail amenities, first class hotels and luxury residential properties.
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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.
