Industrial - Debt

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

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.

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.