NorthMarq’s Austin office completes $1.55 million refinancing of 905 Oltorf in Austin, Texas
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.
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 an annual transaction volume of more than $39 billion and a loan servicing portfolio of more than $76 billion. Through the 2022 acquisition of Stan Johnson Company and Four Pillars Capital Markets, Northmarq established itself as a provider of opportunities across all major asset classes. For more information, visit: www.northmarq.com.
