NorthMarq’s Austin office arranges acquisition financing of $7.6 million for Cottonwood Creek Business Park in San Marcos, Texas
Cottonwood Creek Business Park
AUSTIN, TEXAS (April 16, 2020) – Matt Counts, senior vice president of NorthMarq’s Austin office arranged acquisition financing of $7.6 million for Cottonwood Creek Business Park. The 163,175 sq. ft. industrial property, located in San Marcos, Texas, also contains a 189-unit self-storage facility adjacent to the property. The transaction was structured with a fully amortizing 18-year term. NorthMarq arranged the permanent-fixed loan for the borrower through its correspondent relationship with a life insurance company.
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.
