Mission’s Mark Sprague Quoted in the Statesman

Mark Sprague, Director of Business Development at Mission Mortgage, was quoted in an article by Shonda Novak in the Austin American-Statesman on Saturday, November 20.  The article was covering a story about the Sweetwater development on Highway 71.  An investor has purchased the 1000-acre development from Bank Midwest, who had reclaimed the property at a foreclosure auction just last month for a reported price of $34 million. Wheelock Street Capital has not announced the purchase price, nor their immediate intentions for the subdivision previously planned for residential housing.

Mark was quoted in reference to the overall land development situation in the Austin area. The section in the Austin American-Statesman read:

Mark Sprague, director of business development at Mission Mortgage, said a lot shortage is coming, in a region with an already tight home-rental market and apartment occupancy hovering above 94 percent.

“We continue to see jobs created – we’re No. 1 in job creation of any metropolitan area,” Sprague said.

Wheelock and others “are seeing this, and they’re aggressively looking for land.”

Click Here to read the complete article

Mission Mortgage is very proud to have Mr. Sprague on our staff and we rely on his expertise and insight to help guide our business efforts. Our belief is that by using his knowledge to steer us, we will make wiser business decisions and continue to remain near the top of all local mortgage bankers here in Austin.  Mission Mortgage has been a Top Ten Mortgage Banker for the past 7 years, as ranked by the Austin Business Journal.  We are proud to offer in-house services that most big banks send out of state, including processing, underwriting, funding, and closing. The advantage is open lines of communication in a system with fewer delays and a better understanding of the local community.

For more information about us, please see our website at www.missionmortgage.com or email us at info@missionmortgage.com with your questions and we’ll be happy to get you an answer.


About missionmortgage

A full-service professional mortgage banker providing lending in Texas for over 25 years. Our main office is located at 901 S. Mopac Expwy, Barton Oaks V- Suite 120, Austin, TX 78746 with branches in Lakeway, Houston, and Sealy. Mission Mortgage has been ranked as a Top 10 Mortgage Company in Austin for the past 7 years (Austin Business Journal).
This entry was posted in Austin Facts, General Information, Mortgage News. Bookmark the permalink.

One Response to Mission’s Mark Sprague Quoted in the Statesman

  1. Pingback: Front Page Article Features Mark Sprague | Mission Mortgage of Texas, Inc.

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