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Featured Deal of the Month
Posted 10/4/2016
Author Shawn Hill
 
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 The BSC Group recently closed a $6.5MM CMBS loan secured by a self storage property located in North Carolina. The non recourse loan proceeds were used to refinance existing debt and provide over $1.5MM of cash out to the sponsor, which will be used to construct a new self storage property, adding to the investor’s portfolio. The loan featured a very attractive ten year fixed interest rate of 4.3%, with a 10 year term and 30 year amortization period.

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