Chase Johnson arranges acquisition financing of $4.5 million for Walnut Creek Office in Austin, Texas
AUSTIN, TEXAS (October 24, 2019) – Chase Johnson, vice president of NorthMarq’s Austin office, secured acquisition financing of $4.5 million for Walnut Creek Office. The property is located in Austin, Texas.
Financing Details:
- The permanent-fixed loan was structured with a 15-year term.
- NorthMarq arranged financing for the borrower through its relationship with a national bank.
Property Details:
- The property is 100% occupied by a single tenant.
- The class A- asset contains 21,000 sq. ft. built in 2014
Producer Quote:
“The deal features six months interest-only followed by 176 months of principal and interest payments due monthly. We structured a step down prepayment penalty starting on year one.”
- Chase 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.
