Northmarq negotiates $5.85 million financing of West Valley Self Storage & Apex Self Storage in West Valley City, Utah
Two Self-Storage Properties
SAN DIEGO, CALIFORNIA (June 20, 2022) – Wyatt Campbell, vice president in Northmarq’s San Diego debt/equity office secured a $5,850,000 bridge loan for the acquisition and reposition of two self-storage facilities located in West Valley City, Utah. The non-recourse bridge financing was arranged for the Borrower through a debt fund. The loan was structured with future fundings to support the sponsor’s value add business plan.
“The lender provided a high leverage option that was structured with full-term interest-only payments and provided funds for the borrower to improve the property,” said Campbell.
Meet our team
About Northmarq
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.
