NorthMarq arranges $4.5 million in acquisition financing for Lighthouse Market in Austin, Texas

Lighthouse Market

Debt & Equity

Multi-Tenant

AUSTIN, TEXAS (July 13, 2021) – Northmarq’s Austin office arranged acquisition financing of $4,500,000 for the Lighthouse Market in Lakeway, Texas. The 20,237 sq. ft. unanchored retail strip center is located at 1700 RR 620 North. The transaction was structured on a 30-year amortization schedule. Northmarq negotiated the permanent financing for the borrower through his relationship with a local credit union.

“Our ability to secure a 30-year amortization on this transaction is an example of lenders getting more competitive on retail product type. We are noticing lender interest for well-located unanchored retail centers are on the rise. Although we are not fully back to pre-COVID interest levels, many more lenders are jumping back into the space and we are excited for the future of retail."

View Available Shopping Center Listings

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.