Industrial - Debt

NorthMarq’s Austin office completes acquisition financing of $5 million for industrial-flex property in Round Rock, Texas

AUSTIN, TEXAS (April 22, 2021) – Chase Johnson, vice president of NorthMarq’s Austin office arranged acquisition financing of $5,000,000 for 1700 Royston Lane in Round Rock, Texas. The two-tenant industrial flex space consists of 38,024 sq. ft. It is 100 percent occupied by two world class medical and diagnostic laboratories, including Curative, a company focused on scalable COVID-19 testing and vaccinations. The transaction was structured on a 25-year amortization schedule. Johnson negotiated the permanent financing for the borrower, a private investor, through its correspondent relationship with StanCorp Mortgage Investors, a life company lender.

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 $16 billion, loan servicing portfolio of more than $65 billion and the multi-year tenure of our nearly 600 people.