January 29, 2016

NorthMarq Capital’s Denver office arranges $1.2 million financing for Lock Tight Self-Storage in Seattle, Washington

Lock Tight Self-Storage

Debt & Equity

Multi-Tenant

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.

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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.

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