Northmarq's Richmond office arranges $42.5M construction loan for Timmons Headquarters in Richmond, VA
RICHMOND, Va. (April 8, 2023) — Keith Wells, managing director of Northmarq’s Richmond Debt + Equity office successfully arranged $42.5 million in construction financing for Timmons Headquarters. The 900-unit office building is located at 7100 Midlothian Turnpike in Richmond, Virginia. The construction loan was structured with a 10-year term and a 30-year amortization schedule. Northmarq secured the financing through a local bank.
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