Chase Johnson arranges acquisition financing of $4.5 million for Walnut Creek Office in Austin, Texas
Walnut Creek Office
AUSTIN, TEXAS (October 24, 2019) – Chase Johnson, vice president of NorthMarq’s Austin office, secured acquisition financing of $4.5 million for Walnut Creek Office. The property is located in Austin, Texas.
Financing Details:
- The permanent-fixed loan was structured with a 15-year term.
- NorthMarq arranged financing for the borrower through its relationship with a national bank.
Property Details:
- The property is 100% occupied by a single tenant.
- The class A- asset contains 21,000 sq. ft. built in 2014
Producer Quote:
“The deal features six months interest-only followed by 176 months of principal and interest payments due monthly. We structured a step down prepayment penalty starting on year one.”
- Chase 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.
