NorthMarq Arranges $16.4M Refinancing of Self Storage Properties in Lincoln, Neb.
LINCOLN, NEB. — NorthMarq Capital has arranged the $16.4 million refinancing of six Big Red Self Storage properties in Lincoln. The properties include a combined 2,750 units. John Reed of NorthMarq Capital structured the 20-year, fixed-rate loan with a 20-year amortization schedule. NorthMarq arranged financing for the borrower through its correspondent relationship with a life insurance company.