NorthMarq’s Austin office completes $1.599 million refinance of Symphony Apartments in Corpus Christi, Texas
AUSTIN, TEXAS (March 18, 2021) – Chase Johnson, vice president of NorthMarq’s Austin office arranged the $1,599,000 refinance of Symphony Apartments. The 24-unit multifamily property is located at 5808 South Alameda Street in Corpus Christi, Texas. The transaction was structured with a 30-year amortization schedule. NorthMarq arranged the permanent-fixed loan for the borrower through its relationship with the Freddie Mac SBL.
“This cash-out refinance allowed the owner to tap into their equity and purchase other multifamily assets,” said Johnson.
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.
