OMAHA (September 24, 2014) – John T. Reed, managing director of NorthMarq Capital’s Omaha based regional office arranged the $16.4 million refinance of six Big Red Self Storage properties in Lincoln, Nebraska, with a combined 2,750 units. The transaction was structured with a 20-year term and 20-year amortization schedule. NorthMarq arranged financing for the borrower through its correspondent relationship with a life insurance company.
“Despite a complicated structure, the lender did an outstanding job of partnering with NorthMarq to structure and close this 20-year fixed rate loan,” said Reed.
