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Washington DC & Mid-Atlantic  + Office  |  September 30, 2020
David Cohen
By: David Cohen

NorthMarq Secures $20M Acquisition Loan for Metro D.C. Office Property

NorthMarq has arranged a $19.5 million loan for 1199 North Fairfax Street, a 108,118-square-foot office building in Alexandria, VA.

Located eight miles south of downtown Washington D.C., the 10-story building includes an underground parking garage and was 87% leased at the time of financing.

NorthMarq secured a 10-year term loan through a life insurance company on behalf of the borrower, who was not disclosed. Terms of the financing included a fixed interest rate followed by a 30-year amortization schedule.

For comments, questions or concerns, please contact David Cohen

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About David Cohen

David Cohen is Southeast Editorial Director at Connect Commercial Real Estate. David is a media veteran with more than 10 years of experience in journalism, copywriting and communications across a variety of roles. He is responsible for covering commercial real estate news and trends in the Southeast, Florida, Washington D.C. and Boston at Connect CRE as well as specializing in the Student Housing sector. Prior to joining Connect, David was the editor of Northeast Real Estate Business magazine and Student Housing Business magazine at France Media as well as spending time freelancing for ESPN and the Associated Press in the fast-paced field of live sports event production. He is also an owner and investor in multifamily real estate in Atlanta, GA. David currently resides in Atlanta and graduated from the College of Communication & Information at the University of Tennessee Knoxville.
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