NorthMarq Capital’s Richmond office arranges permanent financing of $5 million for self-storage property in Apex, North Carolina

RICHMOND (January 26, 2018) – Keith Wells, senior vice president/managing director of NorthMarq Capital’s Richmond regional office, arranged permanent financing of $5 million for a 573-unit, climate controlled self-storage facility located in Apex, North Carolina. The terms of the non-recourse financing were a fixed-rate, 15-year term on a 15-year amortization schedule.
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.