HOUSTON, TEXAS (September 26, 2019) – William Hanley arranged refinancing for Safe and Sound Storage, a self-storage property located in Maurice, Louisiana.
– 10-year term
– 25-year amortization schedule
– Cash-out refinance
– NorthMarq arranged the permanent-fixed loan through its relationship with a CMBS lender.
“NorthMarq was able to secure permanent financing for a unique transaction in a small Louisiana market. The property did not have great historical operating history, but NorthMarq was able to sell the lender on the growth in the surrounding area and deliver the full proceeds to the client.”
– William Hanley
– 59,000 sq. ft.
– Property is located along US Highway 167