NorthMarq’s Austin office arranges $5,722,000 refinance of Covered Bridge Village I & II in Austin, Texas
Covered Bridge Village I & II
AUSTIN, TEXAS (May 19, 2021) – Northmarq’s Austin office secured the $5.722 million refinance of Covered Bridge Village. The two building mixed-used development (located in Austin, Texas) completed one building in 2018 and one building in 2020 and features a diverse tenant base. The transaction was structured with a 10-year term on a 25-year amortization schedule. Northmarq secured financing for the borrower through its relationship with a credit union.
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.
