NorthMarq’s Miami office secured $5.1 joint-venture investment for construction of self storage property in Fort Lauderdale, Florida
Poinciana Park Storage
MIAMI, FLORIDA (March 1, 2019) – NorthMarq’s Miami-based regional office arranged the $5.1 million equity investment for the construction of Poinciana Park Storage, a 108,000 sq. ft. self-storage property located at 1401 SW 1st Avenue in Fort Lauderdale, Florida. The transaction was structured with a 5-year term. NorthMarq arranged financing for the borrower, CH SS Fund Storesafe Fort Lauderdale Poinciana Park LLC, through its relationship with the lender, Crow Holdings.
“We hope this financing deal is the first of many with these clients. The equity financing closed on the land without permits.”
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.
