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