July 20, 2015

NorthMarq Capital’s Los Angeles office arranges $7.1 million for Crescenta Valley Mini Storage in La Crescenta, California

Crescenta Valley Mini 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 $7.1 million refinance of Crescenta Valley Mini Storage, a 56,945 sq.ft. self-storage facility located at 4441 Cloud Avenue in La Crescenta, California. The transaction was structured with a fully amortizing interest only 10-year term. NorthMarq arranged financing for the borrower through its relationship with a CMBS lender. “The borrower wanted 10-years interest only and because of low leverage and market cooperation we were able to accommodate these terms,” said McCarthy.

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.