The NGKF Capital Markets Self Storage Group is pleased to announce the completion of a four-property portfolio refinance in Houston and Dallas/Fort Worth, TX. The portfolio consisted of more than 300,000-net-rentable square feet across 2,600 units. The new non-recourse loan featured a 10-year fixed interest rate with a 30-year amortization.
About Newmark Grubb Knight Frank (NGKF)
NGKF is one of the world's leading commercial real estate advisory firms with more than 300 offices in established and emerging markets on five continents. Having completed more than $5.6 billion in self storage transactions, the professionals comprising the NGKF Capital Markets Self Storage Group have unparalleled industry experience. The team understands the complexity of this property type in the context of operational issues as well as the most current perspective related to the capital markets and transaction environment. Focusing on strategy and execution within a unified team, our specalists combine critical industry knowledge and local insight, ensuring our clients' needs are clearly understood and the most effective solutions are implemented.