NorthMarq Capital’s Washington, D.C. office provides permanent loan of $11.2 million for TownePlace Suites Frederick in Frederick, Maryland
WASHINGTON, D.C. (August 18, 2015) – Gary McGlynn, senior vice president/managing director of NorthMarq Capital’s Washington, D.C. based regional office negotiated the $11.2 million permanent loan for TownePlace Suites Frederick, a 120 unit LEED Certified hospitality property located at 5050 Westview Drive in Frederick, Maryland.
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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.
