Northmarq’s San Diego office secures $10 million construction loan for self-storage property in Sonoma, CA
Self-storage facility
SAN DIEGO (Nov. 15, 2023) — Northmarq’s San Diego team of Wyatt Campbell, Aaron Beck and Conor Freeman secured the $10 million construction loan for the development of a 535-unit self-storage facility in Sonoma, California. The loan was arranged for the borrower through Northmarq’s relationship with a debt fund.
“The lender provided a high leverage and non-recourse option that was structured with full-term interest-only payments,” said Campbell. “The new loan helps facilitate the borrower’s acquisition of the previously entitled land. This project will continue to expand the borrower’s footprint in Northern California and will integrate seamlessly with their adjacent facility.”
Learn more about Northmarq’s financing services here.
Meet our team
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.
