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: 10/31/2016

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.