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.
