Salt Lake City office arranges $1.6 million construction financing for a Storage of America facility in Trotwood, Ohio
Storage of America
SALT LAKE CITY (July 11, 2017) Salt Lake City’s production team arranged a construction loan of $1,600,000 for Storage of America Trotwood, a self-storage property located in Trotwood, Ohio. The construction loan transaction was structured with a three years interest-only term. Salt Lake City arranged financing for the borrower through its relationship with a regional bank. “Finding the right lender specializing in national construction lending was the key for our client who redevelops and repositions properties all over the mid-west,” said Pinnock.
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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.
