Northmarq finalizes acquisition financing of $3,605,000 for Mission South Apartments in Austin, Texas

Mission South Apts

Debt & Equity

Multi-Tenant

AUSTIN, TEXAS (April 22, 2022) – Northmarq’s Austin debt/equity office secured acquisition financing of $3,605,000 for Mission South Apartments. The 27-unit multifamily property (built in 1972 and renovated in 2019) is located at 711 Eberhart Lane in Austin, Texas. The transaction was structured with a 3-year term with 1-year of interest only. Northmarq arranged the permanent-fixed loan for the borrower through its relationship with a regional commercial bank.

Located in the Garrison Park neighborhood, residents from the property are conveniently located within 7.6 miles of three institutions of higher learning (Austin Community College, St. Edward’s University, and Austin Community College). Additionally, there are three shopping centers within a half mile, and five natural areas/parks within 6.7 miles.

Community amenities include: Laundry facilities, fenced lot, sundeck, courtyard, grill and picnic area. Apartment amenities include: High-speed internet access, air conditioning, ceiling fans, smoke free environment, tub/shower, framed mirrors, granite countertops, dishwasher, refrigerator, microwave, hardwood floors, large bedrooms, walk-in closets and double pane windows.

View Available Multifamily 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.