NorthMarq Capital provided refinance monies in the amount of $3.4 million for Byram Self-Storage located at 2 Highland St. in Port Chester, New York. The property is a six-story building originally constructed in 1900 that was converted 19 years ago to a self-storage facility, which now contains 864 self-storage units.
NorthMarq’s Dale Stewart, assistant vice president, and Chris Williams, senior investment analyst, arranged the financing based on a 10-year loan term with a 25-year amortization through a correspondent relationship with one of NorthMarq’s life insurance companies. NorthMarq is the largest privately-held commercial real estate
financial intermediary in the U.S.