The-District-at-SoCo-Austin

Northmarq Provides $23.6M Agency Acquisition Loan for Austin Apartment Complex

by Taylor Williams

AUSTIN, TEXAS — Northmarq has provided a $23.6 million Fannie Mae acquisition loan for The District at SoCo, a 215-unit apartment complex in Austin. The site at 501 E. Oltorf St. is located near the downtown area. The District at SoCo was built in 2012 and offers one- and two-bedroom units and amenities such as a pool, fitness center, outdoor kitchen and a dog park. Jesse Lemos of Northmarq originated the five-year, interest-only loan on behalf of the undisclosed borrower.

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