Office - Debt

Chase Johnson arranges acquisition financing of $4.5 million for Walnut Creek Office in Austin, Texas

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

As a capital markets leader, NorthMarq offers commercial real estate investors access to experts in debt, equity, investment sales, and loan servicing to protect and add value to their assets. For capital sources, we offer partnership and financial acumen that support long- and short-term investment goals. Our culture of integrity and innovation is evident in our 60-year history, annual transaction volume of more than $14 billion, loan servicing portfolio of more than $61 billion and the multi-year tenure of our nearly 600 people.