NorthMarq’s Austin office arranges acquisition financing of $7.6 million for Cottonwood Creek Business Park in San Marcos, Texas
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.
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.
