Industrial
Debt & Equity

NorthMarq Capital’s Denver office arranges $1.65 million financing for Elk Grove Self-Storage in Elk Grove, California

DENVER (January 29, 2016) – NorthMarq Capital’s Denver office arranged permanent financing of $1.65 million for Elk Grove Self-Storage located at 8585 Elk Ridge Way in Elk Grove, California. Constructed in 1989, the property consists of 248 self-storage units located in eight buildings. 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 a 25-year amortization with a 65 percent LTV.

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.

0000000000000000000000000709361
Elk Grove Self-Storage
Debt
$1,650,000