Self Storage

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

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.

NorthMarq Capital, the largest privately held commercial real estate financial intermediary in the U.S., provides debt, equity and commercial loan servicing through its 36 offices across the U.S. The company has built long-term relationships with life companies, CMBS platforms and local, regional and national banks, with a long track record of multifamily loan origination through Freddie Mac, Fannie Mae and FHA/HUD. The company closes approximately $13 billion in commercial real estate loans annually and services a loan portfolio of more than $50 billion. For more information please visit www.northmarq.com.