Northmarq secures $160M in permanent fixed-rate financing for 11 self storage facilities
WASHINGTON, D.C. (October 4, 2022) – Jason M. Smith, managing director, Gary McGlynn, managing director and Kevin Gentzel, vice president of Northmarq’s Washington, D.C. Debt and Equity team arranged $160M in permanent fixed-rate financing for a portfolio of 11 self-storage facilities containing approximately 9,100 units on behalf of Security Public Storage. Northmarq arranged the financing for the borrower through its correspondent relationship with a life insurance company.
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 a loan servicing portfolio of more than $76 billion and a two-year transaction volume of $52 billion. For more information, visit www.northmarq.com.
