February 9, 2015

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

AAA Self Storage

Debt & Equity

Multi-Tenant

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.

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.