Northmarq’s San Francisco office secures $10M self-storage refinance in Concord, CA

CONCORD, Calif. (Dec. 30, 2024) — Northmarq’s San Francisco Debt + Equity team, led by Managing Director Dennis Williams, secured the $10 million internal refinance loan of the 887-unit, Class A self-storage facility, Mt. Diablo Self Storage, in Concord, California.

The loan was arranged for the borrower through Northmarq’s relationship with a life insurance company. The fixed-rate loan was structured with a 5-year term.

“The low-leveraged request on this high-quality self-storage property proved very attractive to portfolio lenders,” said Williams. “By partnering with a life insurance company, we secured not only great loan terms, but also a lender whose collaborative attitude and flexible negotiation style aligned with the borrower’s needs throughout the closing process.”

Mt. Diablo Self Storage is located at 4901 Ygnacio Valley Rd. in Concord on a major thoroughfare that runs through the heart of Contra Costa County in the East Bay. The property is centrally located and is a short drive (10-20 min.) to Walnut Creek, Pittsburg, Antioch, and Clayton. The location is also less than a mile from California State University East Bay Concord Campus.