Dealmaker: NorthMarq Secures $33M in Texas, Washington

NorthMarq, Minneapolis, secured $33.3 million for office and mixed-use assets in Texas and Washington.

In San Antonio, Senior Vice President and Managing Director of NorthMarq’s San Antonio office Bryan Leonard arranged $15.3 million to refinance The Atrium office building. The 132,000-square-foot office property is at 85 NE Loop 410.

Leonard structured the transaction with a 10-year term on a 30-year amortization schedule. The San Antonio-based client received the financing through Goldman Sach’s commercial mortgage-backed securities lending platform.

The Atrium is located near San Antonio International Airport.

NorthMarq also secured $18 million for two mixed-use properties in Queen Anne and Fremont, Wash. Vice President Jake Leibsohn and Senior Vice President Ron Peterson from the firm’s Seattle office arranged the refinancing for the assets that contain 63,235 square feet combined.

The transaction was structured with a five plus five-year term on a 25-year amortization schedule. NorthMarq arranged the permanent fixed-rate loan through its correspondent relationship with life company lender Symetra, Bellevue, Wash.