Northmarq finalizes $2.69 million in acquisition financing for Village Flats in Austin, Texas
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."
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.
