Northmarq’s Austin office completes $1,237,000 in acquisition financing for Weber Apartments in Corpus Christi, Texas
AUSTIN, TEXAS (March 18, 2021) – Northmarq’s Austin office arranged acquisition financing of $1,237,000 for Weber Apartments. The 34-unit multifamily property is located at 3920 Brushwood Lane in Corpus Christi, Texas. The transaction was structured on a 30-year amortization schedule. Johnson negotiated the permanent fixed rate loan for the borrower through his relationship with a Freddie Mac SBL.
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.
