Northmarq secures $160M in permanent fixed-rate financing for 11 self storage facilities
Self Storage Portfolio
WASHINGTON, D.C. (October 4, 2022) – Jason M. Smith, managing director, Gary McGlynn, managing director and Kevin Gentzel, vice president of Northmarq’s Washington, D.C. Debt and Equity team arranged $160M in permanent fixed-rate financing for a portfolio of 11 self-storage facilities containing approximately 9,100 units on behalf of Security Public Storage. Northmarq arranged the financing for the borrower through its correspondent relationship 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.
