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NorthMarq Arranges $16.4M Refinancing of Self Storage Properties in Lincoln, Neb.

BigRedStorage

The Big Red Self Storage portfolio includes a combined 2,750 units.

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.

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