Northmarq's Cincinnati office sources $7.2 million to refinance 3L Self Storage in Fort Wright, Kentucky
3L Self Storage
CINCINNATI, OHIO (March 31, 2022) - Noah Juran, managing director, and Christina Grimme, vice president, sourced $7,200,000 for the refinance of 3L Self Storage. The subject is located at 3333 Madison Pike, Fort Wright, Kentucky in the Cincinnati, OH MSA. It is a 720-unit property that offers both outdoor units and indoor, climate-controlled units.
Juran and Grimme worked together to satisfy this repeat client's needs by sourcing a loan that provided an attractive rate and 10 years of interest-only. Northnmarq's relationship with a life company allowed for an early rate lock which offered significant interest rate protection during the close process.
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Northmarq is one of the largest privately held commercial real estate firms in the United States, combining a nationwide presence with deep local expertise. With more than 50 offices across the country, we provide a full suite of debt, equity, investment sales, loan servicing and fund management solutions for a comprehensive range of property types. Our unique structure allows us to connect clients with the best opportunities, yet be nimble enough to ensure access to every expert across our company. The firm manages a loan servicing portfolio of over $78 billion and has completed $69.5 billion in transactions over the past three years. At Northmarq, collaboration fuels results, helping clients achieve success in every market, nationwide. For more information, visit www.northmarq.com.
