The Chicago regional-based office of NorthMarq Capital arranged acquisition financing of $25.25 million for The Cottages, a 330-unit multifamily property located at 8515 Interstate 35 in Austin, TX. The transaction was structured with a five-year term and 29-year amortization schedule after 30 months of interest only payments. MIG Real Estate sold the property to Strategic Realty Capital in December 2013.