Industrial - Debt

NorthMarq Capital

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.

As a capital markets leader, NorthMarq offers commercial real estate investors access to experts in debt, equity, investment sales, and loan servicing to protect and add value to their assets. For capital sources, we offer partnership and financial acumen that support long- and short-term investment goals. Our culture of integrity and innovation is evident in our 60-year history, annual transaction volume of $13 billion, loan servicing portfolio of more than $57 billion and the multi-year tenure of our more than 500 people.