Byram Self-Storage in NY Receives $3.4M Refinancing Loan

Byram Self-Storage in Port Chester, N.Y., recently received a 3.4 million refinancing loan from NorthMarq Capital.

Byram Self-Storage in Port Chester, N.Y., recently received a 3.4 million refinancing loan from NorthMarq Capital.

The six-story facility, 2 Highland St., was originally constructed in 1900. It was converted into self-storage 19 years ago and includes 864 self-storage units.

NorthMarqs 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, the financing was made available through a correspondent relationship with one of NorthMarqs life insurance companies.

NorthMarq Capital is a privately-held commercial real estate financial intermediary.

 

Sources:

TAGS: Financing News
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