Self Storage - Debt

NorthMarq Capital’s Richmond office arranges permanent financing of $5 million for self-storage property in Apex, North Carolina

RICHMOND (January 26, 2018) – Keith Wells, senior vice president/managing director of NorthMarq Capital’s Richmond regional office, arranged permanent financing of $5 million for a 573-unit, climate controlled self-storage facility located in Apex, North Carolina. The terms of the non-recourse financing were a fixed-rate, 15-year term on a 15-year amortization schedule.

Northmarq is a full-service capital markets resource for commercial real estate investors, offering seamless collaboration with top experts in debt, equity, investment sales and loan servicing. We combine industry-leading capabilities with a flexible structure, enabling our national team of experienced professionals to create innovative solutions for clients. Our solid foundation and entrepreneurial approach have built an annual transaction volume of more than $37 billion and a loan servicing portfolio of nearly $76 billion. Through the 2022 acquisition of Stan Johnson Company and Four Pillars Capital Markets, Northmarq introduces clients to expanded opportunities across all major asset classes.