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'The new norm': Austin coping with influx of multifamily properties – REJournals

'The new norm': Austin coping with influx of multifamily properties – REJournals
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Kate Baucherel , Northmarq Austin , Cheryl Higley , North Austin ,

NorthMarq brokers $5 million in financing for Austin area industrial property


NorthMarq brokers $5 million in financing for Austin area industrial property
May 4, 2021
Chase Johnson, vice president of NorthMarq’s Austin office arranged acquisition financing of $5,000,000 for 1700 Royston Lane in Round Rock, Texas, a two-tenant industrial flex space consisting of 38,024 square feet.
The propertu is 100 percent occupied by two medical and diagnostic laboratories, including Curative, a company focused on scalable COVID-19 testing and vaccinations.
The transaction was structured on a 25-year amortization schedule. Johnson negotiated the permanent financing for the borrower, a private investor, through its correspondent relationship with StanCorp Mortgage Investors, a life company lender.
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Round Rock , United States , Chase Johnson , Northmarq Austin , Stancorp Mortgage Investors , சுற்று பாறை , ஒன்றுபட்டது மாநிலங்களில் , துரத்து ஜான்சன் ,