NorthMarq Capital arranges permanent financing of $9 million for a 710-unit self-storage facility in Rockville, Maryland
Self-Storage Facility
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 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.
