NorthMarq’s Austin office completes $1.55 million refinancing of 905 Oltorf in Austin, Texas
905 Oltorf
AUSTIN, TEXAS (June 26, 2020) – John Morran, senior vice president/managing director of NorthMarq’s Austin office, arranged the $1.55 million refinance of 905 Oltof. The 4,100 sq. ft. office property is located in Austin, Texas. The transaction was structured with a 10-year term on a 25-year amortization schedule. NorthMarq arranged the permanent-fixed loan for the borrower through its correspondent relationship StanCorp, a life company lender.
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.
