Northmarq finalizes $2.69 million in acquisition financing for Village Flats in Austin, Texas
Village Flats
AUSTIN, TEXAS (March 18, 2021) – Northmarq’s Austin office negotiated acquisition financing of $2.69 million for Village Flats. The 48-unit multifamily property located at 8930 Galewood Drive in Austin, Texas. The transaction was structured on a 30-year amortization schedule. Northmarq arranged the permanent-fixed loan for the borrower through its relationship with a Freddie Mac SBL.
“This is the second asset of a three-property portfolio; Village Flats is located in Austin and the two others are located in Corpus Christi."
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.
