Retail - Debt

NorthMarq arranges acquisition financing of $1.3 million for retail property in Austin, Texas

AUSTIN, TEXAS (September 3, 2020) – Chase Johnson, vice president of NorthMarq’s Austin office completed acquisition financing of $1.3 million for Carrabba’s (183). The 6,528 sq. ft. retail property is located at 11590 Research Boulevard in Austin, Texas. The transaction was structured with a 7-year term on a 15-year amortization schedule. NorthMarq arranged financing for the borrower through its correspondent relationship with a life insurance company.

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.