September 30, 2014

Arranges $16.4 million refinance of Big Red Storage in Lincoln, Nebraska

Big Red Storage

Debt & Equity

Multi-Tenant

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.

Available Industrial 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.