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: March 2018

Date: 1/29/2018

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.