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Featured Deal of the Month
Posted 6/27/2016
 
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 The BSC Group announced the closing of a $20MM Life Insurance Company loan for a national owner operator. Loan proceeds were used to refinance a seven-property self storage portfolio located throughout the Midwest and Eastern United States. The 20 year fixed rate loan has an interest rate of 4.19% which was locked 60 days prior to closing. Other features of the non-recourse loan include two years of interest only payments, 50% loan to value and a 25 year amortization. This loan illustrates Insurance Company's willingness to lend aggressively in the self storage space on transactions with strong metrics.

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Storage Business Owners Alliance
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