NorthMarq Capital arranges permanent financing of $13.5 million for three multifamily properties in Washington, D.C.
WASHINGTON, D.C. (November 1, 2018) – Jason M. Smith, senior vice president/senior director and Gary E. McGlynn, senior vice president/managing director of NorthMarq Capital’s Washington, D.C. regional office arranged permanent financing of $13.5 million for three multifamily properties consisting of a combined 209 units. The properties are located along the 16th Street Corridor in the Columbia Heights neighborhood of the District of Columbia, and are within walking distance of the Columbia Heights and Georgia Avenue-Petworth metro stations. NorthMarq secured a 10-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.
