Northmarq's Austin office completes financing of Two Rivers Townhomes
Two Rivers Townhomes
Date: June 17, 2022
Size: 54 units
Location: Marble Falls, Texas
Lender type: Commercial bank
Loan sub-type: Permanent-fixed
Winning quote: Acquisition loan for multifamily property converting the affordable property to conventional/market rate. Borrower was able to roll in 100% of the rehab costs into the bank loan. 24-month bank loan at a fixed rate of 4.5% with full term interest-only.
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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.
