NorthMarq’s Austin office completes $4.8 million refinance of Presidio I in Cedar Park, Texas
AUSTIN, TEXAS (September 3, 2020) – John Morran, managing director of NorthMarq’s Austin office arranged the $4.8 million refinance of Presidio I. The 25,409 sq. ft. office property is located at 11900 West Parmer Lane in Cedar Park, Texas. The transaction was structured with a 7-year term on a 25-year amortization schedule. NorthMarq arranged 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.
