AUSTIN, TEXAS (June 19, 2020) – John Morran, senior vice president/managing director of NorthMarq’s Austin office locked and closed the $14 million refinance of Spicewood Springs Apartment Homes, a 248-unit apartment community constructed in 1984 and located 14 miles north of downtown Austin. Fannie Mae provided half-term interest only, no upfront recovery reserve escrows, and waiver of ongoing tax, insurance, and repair escrows for a first-time NorthMarq Capital Finance borrower.
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