Northmarq’s Cincinnati office closes acquisition financing of $5.9 million for Affordable RV Storage in Erie, Colorado

Affordable RV Storage
Debt & Equity
Multi-Tenant
Permanent Loan - Fixed
Bank
Self-Storage
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CINCINNATI, OHIO (July 11, 2022) – Noah Juran, managing director, and Christina Grimme, vice president, arranged the $5,922,000 acquisition loan for Affordable RV Storage. The 971-space RV storage property is located at 1492 County Road 11 in Erie, Colorado within the Denver MSA.

The non-recourse loan was structured on an 8-year term with 3-years of interest-only which will provide the borrower time to complete their value creation plan within the first few years of ownership. Additional features on the loan included a flexible prepayment structure, future funding availability, and the lender held the interest rate during a rising rate environment.

Each space within the 30-acre property includes pull-through capabilities allowing for convenient parking on site. Affordable RV Storage is a family-owned business and has been serving customers in the greater Denver MSA for over two decades.

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About Northmarq 
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.
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