Northmarq’s Austin office arranges $3.5 million acquisition financing of a retail property in Cedar Park, Texas
AUSTIN, TEXAS (January 28, 2021) – Northmarq’s Austin debt/equity office secured acquisition financing of $3.5 million for a 8,554 sq. ft. retail property located at 4807 183A in Cedar Park, Texas. The transaction was structured with a 5-year term on a 25-year amortization schedule. Northmarq arranged the fixed rate loan for the borrower through its relationship with a regional bank. Tenancy included Mod Pizza, Aspen Dental, & Thrive Affordable Vet Care.
“The borrower executed based on NorthMarq’s ability to secure max proceeds at a very attractive interest rate despite retail headwinds."
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.
