July 11, 2017

Salt Lake City office arranges $5.4 million acquisition finance of Towne Storage in West Jordan, Utah

Towne Storage

Debt & Equity

Multi-Tenant

SALT LAKE CITY (July 11, 2017) Salt Lake City’s production team arranged acquisition financing of $5,400,000 for Towne Storage, a self-storage property located in West Jordan, Utah. The transaction was non-recourse structured with a 10-year term on a 25-year amortization schedule. Salt Lake City arranged financing for the borrower through its relationship with a correspondent life company. “We were able to help our client buy out his partner and secure a long-term, non-recourse loan solution for his acquisition,” said Pinnock.

Available Self Storage properties

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 and Four Pillars Capital Markets, Northmarq established itself as a provider of opportunities across all major asset classes. For more information, visit: www.northmarq.com.