Northmarq's Austin office completes financing of Two Rivers Townhomes
Date: June 17, 2022
Size: 54 units
Location: Marble Falls, Texas
Lender type: Commercial bank
Loan sub-type: Permanent-fixed
Winning quote: Acquisition loan for multifamily property converting the affordable property to conventional/market rate. Borrower was able to roll in 100% of the rehab costs into the bank loan. 24-month bank loan at a fixed rate of 4.5% with full term interest-only.
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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.
