Northmarq's Austin office completes financing of 8th Street Lofts
8th Street Lofts
Date: September 26, 2022
Size: 5 units
Location: Austin, Texas
Lender type: Commercial bank
Loan sub-type: Permanent-fixed
Winning quote: Developer built these five contiguous townhomes in 2021. Class A asset in a superior location near downtown Austin. Northmarq refinanced the construction debt with a permanent loan. 10-year fixed rate below 4.5%.
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About Northmarq
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.
