Retail - Debt

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

AUSTIN, TEXAS (July 13, 2021) – Chase Johnson, vice president of 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. Johnson 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,” said Johnson. 

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.