NorthMarq’s Austin office arranges $5,722,000 refinance of Covered Bridge Village I & II in Austin, Texas
AUSTIN, TEXAS (May 19, 2021) – Northmarq’s Austin office secured the $5.722 million refinance of Covered Bridge Village. The two building mixed-used development (located in Austin, Texas) completed one building in 2018 and one building in 2020 and features a diverse tenant base. The transaction was structured with a 10-year term on a 25-year amortization schedule. Northmarq secured financing for the borrower through its relationship with a credit union.
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.
