Northmarq's Cincinnati office sources $7.2 million to refinance 3L Self Storage in Fort Wright, Kentucky
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 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 a loan servicing portfolio of more than $76 billion and a two-year transaction volume of $52 billion. For more information, visit www.northmarq.com.
