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BSC Featured Deal
Posted 3/29/2016
 
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The SBOA is pleased to partner with The BSC Group, a leading commercial real estate financing advisor and provider of debt and equity capital solutions that specializes in the self-storage industry. BSC's Featured Deal of the Month highlights a successful transaction closed on behalf of their client:

The BSC Group announced the closing of a $4.375 CMBS loan.  Loan proceeds were used to refinance a two property self storage portfolio located in Florida and Ohio owned by a regional operator. The 10 year fixed rate loan included 1 year of interest-only payments and an interest rate in the low 5% range.  The BSC Group was able to find a lender to close the transaction within 30 days after a previous lender walked from the transaction once it was under application due to the volatile CMBS market.  The borrow was pleased to receive a significant amount of cash equity while locking into a 10 year fixed rate during this volatile market.  

For more information about The BSC Group, their client-centric approach and testimonials from satisfied customers, please visit www.TheBSCGroup.com or call The BSC Group at (800) 605-7880

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Storage Business Owners Alliance
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Phone: (248) 254-9000
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