NorthMarq Capital arranges $10.2 million refinancing for West Side Village in Austin, Texas

West Side Village
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DALLAS (June 16, 2014) – Paul Brighton, senior vice president/senior director of NorthMarq Capital’s Dallas based regional office arranged the $10.2 million refinancing of West Side Village, a 50,107 sq.ft. retail and office property located at 1214 West 6th Street, Austin, Texas. The transaction was structured with a 10-year term and 30-year amortization schedule. NorthMarq arranged financing for the borrower through its relationship with a CMBS lender. Long time Austin fashion retailer Julian Gold anchors the property. “The CMBS loan offered the combination of high leverage and competitive pricing which will work to the owner’s advantage over the next ten years.” said Brighton.

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.

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