NorthMarq Capital’s Los Angeles office arranges $7.1 million for Crescenta Valley Mini Storage in La Crescenta, California
Crescenta Valley Mini Storage
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.
About Northmarq
Northmarq is one of the largest privately held commercial real estate firms in the United States, combining a nationwide presence with deep local expertise. With more than 50 offices across the country, we provide a full suite of debt, equity, investment sales, loan servicing and fund management solutions for a comprehensive range of property types. Our unique structure allows us to connect clients with the best opportunities, yet be nimble enough to ensure access to every expert across our company. The firm manages a loan servicing portfolio of over $78 billion and has completed $69.5 billion in transactions over the past three years. At Northmarq, collaboration fuels results, helping clients achieve success in every market, nationwide. For more information, visit www.northmarq.com.
