Storage Business Owners Alliance
30665 Northwestern Highway  Suite 100
Farmington Hills, MI 48334 USA
Toll Free: (248) 254-9000
(248) 254-9000
Phone: (248) 254-9000
Fax: (248) 538-4327
Email: info@thesboa.com

Featured Deal of the Month

Date: 10/4/2016
Author: Shawn Hill

 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.