NorthMarq’s Austin office completes acquisition financing of $2.2 million for single-tenant retail property in Round Rock, Texas
AUSTIN, TEXAS (June 10, 2021) – Chase Johnson, vice president of NorthMarq’s Austin office, arranged acquisition financing of $2.2 million for Eddie’s Tavern. The 11,969 sq. ft. single-tenant retail property is located at 100 Parker Drive in Round Rock, Texas. The transaction was structured with a 10-year term on a 15-year amortization schedule. NorthMarq arranged financing for the borrower through its relationship with a local lender. The property benefits from its location on the frontage road on IH-35.
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.
