Office - Debt

NorthMarq’s Austin office completes $4.8 million refinance of Presidio I in Cedar Park, Texas

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. 

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 $14 billion, loan servicing portfolio of more than $61 billion and the multi-year tenure of our nearly 600 people.