June 25, 2014

Arranges $3.9 million refinance of CNS storage in Chicago, Illinois and Schereville Storage in Indiana

CNS and Schereville Storage

Debt & Equity

Multi-Tenant

NEW YORK (June 23, 2014) – Elliot Auerbacher, vice president of NorthMarq Capital’s New York metro based office secured the $3.9 million refinancing of CNS and Schererville Storage, two properties that combined are 664-units of self-storage, located at 5035 W. Foster Avenue in Chicago, Illinois and Rte. 30 in Schererville Indiana. The transaction was structured with a 10-year term and 30-year amortization schedule and was arranged for the borrower, an affiliate of HAN Capital Group LLC by NorthMarq through its relationship with a CMBS lender. “There was a small window of opportunity for the existing loan to be paid off,” said Auerbacher. “The borrower and lender worked in perfect concert together to achieve a mutually beneficial transaction.”

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.