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Posted 10/31/2016
 
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The BSC Group recently arranged $2.15 million in loan proceeds used to refinance a maturing CMBS loan on a property located in Tuscaloosa, AL for a California-based sponsor. The new non-recourse loan featured a 15 year term with a 25 year amortization and a fixed interest rate of 4.8% for the term of the loan. This loan was closed with a balance sheet lender who will service the loan, which will allow the borrower the flexibility to expand the property during the term of the loan if future demand warrants additional square footage in the market.

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Storage Business Owners Alliance
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