NorthMarq’s Austin office completes $4.8 million refinance of Presidio I in Cedar Park, Texas
Presidio I
AUSTIN, TEXAS (September 3, 2020) – John Morran, managing director of NorthMarq’s Austin office arranged the $4.8 million refinance of Presidio I. The 25,409 sq. ft. office property is located at 11900 West Parmer Lane in Cedar Park, Texas. The transaction was structured with a 7-year term on a 25-year amortization schedule. NorthMarq arranged 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.
