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.

As a capital markets leader, NorthMarq offers commercial real estate investors access to experts in debt, equity, investment sales, and loan servicing to protect and add value to their assets. For capital sources, we offer partnership and financial acumen that support long- and short-term investment goals. Our culture of integrity and innovation is evident in our 60-year history, annual transaction volume of $13 billion, loan servicing portfolio of more than $55 billion and the multi-year tenure of our more than 500 people.