NorthMarq Capital’s Denver office arranges $1.2 million financing for Lock Tight Self-Storage in Seattle, Washington
Lock Tight Self-Storage
DENVER (January 29, 2016) – NorthMarq Capital’s Denver office arranged permanent financing of $1.2 million for Lock Tight Self-Storage located at 11836 Des Moines Memorial Drive in Seattle, Washington. Constructed in 2003, the property consists of 215 climate-controlled storage units located in two, four-story buildings, one of which includes two apartment units. Dale Stewart, vice president and Mark Lindgren, investment analyst arranged the non-recourse financing for the borrower through a regional bank based on a 10-year fixed rate and 30-year amortization.
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.
