Northmarq’s Nashville office secures $9.95 million bridge loan for single-tenant industrial property

8201 S Congress Ave
58,435-sq.-ft. industrial property

NASHVILLE (June 19, 2024) — Northmarq’s Nashville Debt + Equity team of Jesse Lemos and William Rhett arranged the acquisition financing of an Austin, Texas industrial property leased to Restaurant Depot. Located at 8201 S. Congress Avenue, the 58,435-sq.-ft. property was built in 1975 and serves as a distribution center/warehouse.

Northmarq arranged the $9.95 million bridge loan on behalf of the borrower, Austin-based owner SOCO Flex, from start to finish in 10 business days. The transaction was structured on a 2-year term.

“We had the utmost faith in the lender we chose. Graham Mortgage out of Dallas is one of the best bridge lenders out there providing fixed rate loans. The borrower did a fantastic job in securing the tenant just days before closing,” said Lemos.

This part of Austin has been growing at a rapid pace, and a tenant such as Restaurant Depot is a needed asset for all the existing and new restaurants in the area.

View Available Distribution/Warehouse Listings

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Northmarq is one of the largest privately held commercial real estate firms in the United States, combining a nationwide presence with deep local expertise. With more than 50 offices across the country, we provide a full suite of debt, equity, investment sales, loan servicing and fund management solutions for a comprehensive range of property types. Our unique structure allows us to connect clients with the best opportunities, yet be nimble enough to ensure access to every expert across our company. The firm manages a loan servicing portfolio of over $78 billion and has completed $69.5 billion in transactions over the past three years. At Northmarq, collaboration fuels results, helping clients achieve success in every market, nationwide. For more information, visit www.northmarq.com.
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