Northmarq secures $29M refinance of medical building in Washington, DC
WASHINGTON, D.C. (December 2024) — Daniel Siesser, senior vice president of Northmarq’s Washington, D.C. Debt + Equity office successfully arranged the $29 million external refinance of 1515-1525 14th St. NW medical building located in Washington, D.C. Built in 1920, the 56,000-sq.-ft. property was refinanced through a bank. The permanent, fixed-rate loan was structured with a 10-year term and a 30-year amortization schedule.
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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.
