Self Storage - Debt

NorthMarq Capital’s Los Angeles based office completes refinance of $1 million for AAA Self Storage of Indio, California

LOS ANGELES (February 2, 2015) – Daniel B. McCarthy, senior vice president of NorthMarq Capital’s Los Angeles office secured the $1 million refinance of AAA Self Storage of Indio, a 280-unit self-storage property located at 82521 Market Street in Indio, California. The transaction was structured with a 20-year term and 20-year amortization. NorthMarq arranged financing for the borrower through its correspondent relationship with a life insurance company.

“The borrower was able to obtain low leverage, low rate 20-year fully amortizing loan on the property,” noted McCarthy.

Northmarq is a full-service capital markets resource for commercial real estate investors, offering seamless collaboration with top experts in debt, equity, investment sales and loan servicing. We combine industry-leading capabilities with a flexible structure, enabling our national team of experienced professionals to create innovative solutions for clients. Our solid foundation and entrepreneurial approach have built an annual transaction volume of more than $37 billion and a loan servicing portfolio of nearly $76 billion. Through the 2022 acquisition of Stan Johnson Company and Four Pillars Capital Markets, Northmarq introduces clients to expanded opportunities across all major asset classes.