NorthMarq’s Austin office completes $1.599 million refinance of Symphony Apartments in Corpus Christi, Texas
Symphony Apts
AUSTIN, TEXAS (March 18, 2021) – Chase Johnson, vice president of NorthMarq’s Austin office arranged the $1,599,000 refinance of Symphony Apartments. The 24-unit multifamily property is located at 5808 South Alameda Street in Corpus Christi, Texas. The transaction was structured with a 30-year amortization schedule. NorthMarq arranged the permanent-fixed loan for the borrower through its relationship with the Freddie Mac SBL.
“This cash-out refinance allowed the owner to tap into their equity and purchase other multifamily assets,” said Johnson.
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.
