NORTHPOINT CAPITAL ARRANGES LOAN FOR TWO SELF-STORAGE FACILITIES

MCHENRY AND LAKE IN THE HILLS, ILL. — Chicago-based NorthPoint Capital has arranged $4.68 million in financing for two All-Safe Self Storage complexes located in McHenry and Lake in the Hills. The properties, which comprise more than 160,776 square feet, house 1,354 units. Financing was based on an 8-year term with a 23-year amortization schedule, at a rate of 5.78 percent. The loan was placed with Southern Farm Bureau Life Insurance Co., a correspondent life insurance company lender of NorthPoint Capital. Keith Volgman of NorthPoint Capital arranged the financing.