Northmarq’s Austin office arranges $3.5 million acquisition financing of a retail property in Cedar Park, Texas
Retail Property
AUSTIN, TEXAS (January 28, 2021) – Northmarq’s Austin debt/equity office secured acquisition financing of $3.5 million for a 8,554 sq. ft. retail property located at 4807 183A in Cedar Park, Texas. The transaction was structured with a 5-year term on a 25-year amortization schedule. Northmarq arranged the fixed rate loan for the borrower through its relationship with a regional bank. Tenancy included Mod Pizza, Aspen Dental, & Thrive Affordable Vet Care.
“The borrower executed based on NorthMarq’s ability to secure max proceeds at a very attractive interest rate despite retail headwinds."
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.
