April 22, 2013

NorthMarq Capital arranged $9.96 million bridge loan for West Side Village in Austin, Texas

West Side Village

Debt & Equity

Multi-Tenant

DALLAS (April 22, 2013) – Paul Brighton, senior vice president and senior director, of NorthMarq’s Dallas regional office, arranged a $9.96 million bridge loan for the acquisition of West Side Village, a 50,132 sq. ft. retail/office urban in-fill property located at 1214 W. 6th Street in Austin, Texas. Julian Gold, Artworks Gallery and Infochimps are major tenants. NorthMarq arranged this non-recourse, 3-year financing for the borrower through its relationship with a real estate investment trust. West Side Village is on West 6th Street, just west of the downtown Austin Market District and Whole Foods. The new owner is a Dallas based private investment company that will reposition and improve the center during the bridge period.

Available Mixed Use properties

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.