Northmarq's Austin office secures sale and financing of Prospect Hill
Date: February 2, 2023
Size: 58 units
Location: San Antonio, Texas
Lender type: Commercial bank
Loan sub-type: Bridge financing
Winning quote: Buyer needed a bank loan to acquire the property, apply for new tax credits, then start the construction rehab. Loan is a 36-month term with a fixed rate.
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Northmarq is a full-service capital markets resource for commercial real estate investors, offering seamless collaboration with top experts in debt, equity, investment sales, loan servicing, and fund management. The company combines industry-leading capabilities with a flexible structure, enabling its national team of experienced professionals to create innovative solutions for clients. Northmarq's solid foundation and entrepreneurial approach have built an annual transaction volume of more than $39 billion and a loan servicing portfolio of more than $76 billion. Through the 2022 acquisition of Stan Johnson Company and Four Pillars Capital Markets, Northmarq established itself as a provider of opportunities across all major asset classes. For more information, visit: www.northmarq.com.
