Self Storage - Debt


NorthMarq’s Houston office completes refinance of self-storage property in Maurice, Louisiana

HOUSTON, TEXAS (September 26, 2019) – William Hanley arranged refinancing for Safe and Sound Storage, a self-storage property located in Maurice, Louisiana. 

Financing Details:
– 10-year term
– 25-year amortization schedule
– Cash-out refinance
– NorthMarq arranged the permanent-fixed loan through its relationship with a CMBS lender. 

Producer Quote:
“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

Property Details:
– 59,000 sq. ft.
– Property is located along US Highway 167  

 

As a capital markets leader, NorthMarq offers commercial real estate investors access to experts in debt, equity, investment sales, and loan servicing to protect and add value to their assets. For capital sources, we offer partnership and financial acumen that support long- and short-term investment goals. Our culture of integrity and innovation is evident in our 60-year history, annual transaction volume of more than $14 billion, loan servicing portfolio of more than $61 billion and the multi-year tenure of our nearly 600 people.