Northmarq’s San Diego office arranges $17.65 million refinance for self-storage facility in Chicago, Illinois
SAN DIEGO, CALIFORNIA (July 13, 2022) – Wyatt Campbell, vice president, and Conor Freeman, vice president of Northmarq’s San Diego office, arranged the $17.65 million refinance of U-Stor-It Westmont, a newly developed self-storage facility in greater Chicago, Illinois. Northmarq arranged the financing for the borrower (U-STOR-IT) through its correspondent relationship with a life insurance company.
“The borrower had impeccable timing on this one,” said Campbell. “The lender offered the ability to rate lock at application, which the borrower took full advantage of prior to the recent upswing in US Treasuries. Great team effort all around.”
Meet our team
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.
