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: January 2017

Date: 1/10/2017

The BSC Group recently closed a $12.84 million non-recourse construction loan for a to-be-constructed self storage facility in Queens, NY. The seven-year construction mini-perm loan featured a four-year initial term with a three-year extension option and a very attractive interest rate under 4%. The non-recourse loan proceeds will be used to construct a new 75,000-square-foot state-of-the-art self storage facility for an institutional sponsor.