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Featured Deal of the Month: March 2018
Posted 1/29/2018
 
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The BSC Group arranged a $1.3 million CMBS loan used to refinance a self storage property located in Denton, Texas for a local sponsor. The non-recourse permanent debt package featured a low fixed interest rate with a 10-year term and a 30-year amortization. The loan provided an equity cash out that will be used to modernize the 30-year old first-generation facility, thereby allowing the sponsor to increase rents and optimize revenue going forward. The loan was arranged through a specialized small balance CMBS program intended to minimize transaction costs for the sponsor.

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Storage Business Owners Alliance
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