NorthMarq Capital arranges permanent financing of $9 million for a 710-unit self-storage facility in Rockville, Maryland
WASHINGTON D.C. (November 27, 2018) – Jason M. Smith, senior vice president/senior director and Kenneth Gentzel, senior vice president/managing director of NorthMarq Capital’s Washington, D.C. regional office arranged permanent financing of $9 million for a state-of-the-art, 710-unit climate-controlled storage facility operated by CubeSmart. The property offers exceptional visibility along I-270 which boasts an average traffic count of over 210,000 vehicles per day. NorthMarq secured a 10-year, fixed-rate loan with a life insurance company.
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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.
