Northmarq arranges acquisition financing of $1.3 million for retail property in Austin, Texas
AUSTIN, TEXAS (September 3, 2020) – 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.
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.
