Office - Debt

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.

As a capital markets leader, NorthMarq offers commercial real estate investors access to experts in debt, equity, investment sales, and loan servicing to protect and add value to their assets. For capital sources, we offer partnership and financial acumen that support long- and short-term investment goals. Our culture of integrity and innovation is evident in our 60-year history, annual transaction volume of more than $14 billion, loan servicing portfolio of more than $61 billion and the multi-year tenure of our nearly 600 people.