NorthMarq Capital arranges $10.2 million refinancing for West Side Village in Austin, Texas
West Side Village
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.
Meet our team
About Northmarq
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.
