Northmarq’s Houston office finalizes refinancing of Extra Space Storage in Hammonton, New Jersey
Extra Space Storage
HOUSTON, TEXAS (May 12, 2021) – Larry Peters, senior vice president of Northmarq’s Houston office, secured the refinancing of Extra Space Storage. The 450-unit self-storage property is located in Hammonton, New Jersey. The transaction was structured with a fully-amortizing 15-year term. Northmarq arranged financing for the borrower through its relationship with a commercial bank.
“Several of our lenders were looking to make more self-storage loans and quoted this long term fixed rate loan aggressively," said Peters.
Meet our team
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.
