Northmarq arranges $17.75 million refinance for self-storage facility in San Diego, California

Self-Storage Facility

SAN DIEGO, CALIFORNIA (August 29, 2022) – Wyatt Campbell, vice president, and Conor Freeman, vice president of Northmarq’s San Diego office, arranged the $17.75 million refinance of a newly developed self-storage facility in San Diego, California. The three-story property contains more than 1,200 units. Northmarq arranged the financing for the borrower through its correspondent relationship with a life insurance company.

“This loan was rate locked while the property was in lease-up and funded when the property was near stabilization,” said Campbell. “This pre-stabilized execution gave the borrower the ability to be ahead of the market and mitigate interest-rate volatility.”

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, Northmarq established itself as a provider of opportunities across all major asset classes. For more information, visit

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