July 11, 2017

Salt Lake City office arranges $1.6 million construction financing for a Storage of America facility in Trotwood, Ohio

Storage of America

Debt & Equity

Multi-Tenant

SALT LAKE CITY (July 11, 2017) Salt Lake City’s production team arranged a construction loan of $1,600,000 for Storage of America Trotwood, a self-storage property located in Trotwood, Ohio. The construction loan transaction was structured with a three years interest-only term. Salt Lake City arranged financing for the borrower through its relationship with a regional bank. “Finding the right lender specializing in national construction lending was the key for our client who redevelops and repositions properties all over the mid-west,” said Pinnock.

Available Self Storage properties

Northmarq is a full-service capital markets resource for commercial real estate investors, offering seamless collaboration with top experts in debt, equity, investment sales, loan servicing, and fund management. The company combines industry-leading capabilities with a flexible structure, enabling its national team of experienced professionals to create innovative solutions for clients. Northmarq's solid foundation and entrepreneurial approach have built an annual transaction volume of more than $39 billion and a loan servicing portfolio of more than $76 billion. Through the 2022 acquisition of Stan Johnson Company and Four Pillars Capital Markets, Northmarq established itself as a provider of opportunities across all major asset classes. For more information, visit: www.northmarq.com.