July 20, 2015

NorthMarq Capital’s Los Angeles office arranges $8.3 million refinance of City Self Storage in Van Nuys, California

City Self Storage

Debt & Equity

Multi-Tenant

LOS ANGELES (July 20, 2015) – Daniel McCarthy, senior vice president/senior director of NorthMarq Capital’s Los Angeles based regional office arranged the $8.3 million refinance of City Self Storage, a 73,066 sq.ft. self-storage facility located at 7346 Sepulveda Boulevard in Van Nuys, California. The transaction was structured with a 10-year interest only term. NorthMarq arranged financing for the borrower through its relationship with a CMBS lender. “The borrower was insistent on getting 10 years of interest only as they had this type of structure on other properties,” noted McCarthy. “We were fortunate the markets cooperated and we were able to accomplish that goal for them.”

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.