NorthMarq Capital’s Denver office arranges $1.86 million financing for Crossroads Self-Storage in Windsor, Colorado
Crossroads Self-Storage
DENVER (January 29, 2016) – NorthMarq Capital’s Denver office arranged permanent financing of $1.86 million for Crossroads Self-Storage located at 4270 Highland Meadows Parkway in Windsor, Colorado. Constructed in 2013, the facility consists of 236 self-storage units contained in seven buildings. There are also 49 RV spaces available. Dale Stewart, vice president and Mark Lindgren, investment analyst arranged the non-recourse financing for the borrower through NorthMarq’s correspondent relationship with a life insurance company. The loan is a 10-year term with 25-year amortization and 65 percent LTV.
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.
