Self Storage - Debt

NorthMarq Capital

NorthMarq Capital’s Richmond office arranges permanent financing of $5 million for self-storage property in Apex, North Carolina

RICHMOND (January 26, 2018) – Keith Wells, senior vice president/managing director of NorthMarq Capital’s Richmond regional office, arranged permanent financing of $5 million for a 573-unit, climate controlled self-storage facility located in Apex, North Carolina. The terms of the non-recourse financing were a fixed-rate, 15-year term on a 15-year amortization schedule.

NorthMarq Capital, the largest privately held commercial real estate financial intermediary in the U.S., provides debt, equity and commercial loan servicing through over 300 mortgage banking professionals in regional offices coast-to-coast and services a loan portfolio of more than $52 billion. In select markets, the company offers multifamily and manufactured housing investment sales through NorthMarq Multifamily. As a leader in capital solutions through long-term relationships with life companies, CMBS platforms and local, regional and national banks, the company also has a long track record of multifamily loan origination through Freddie Mac, Fannie Mae and FHA/HUD. For more information please visit www.northmarq.com.