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: September 2018

Date: 8/27/2018

The BSC Group recently closed a $9.0 million CMBS loan on a self storage property located in Anchorage, Alaska. The non-recourse loan was closed with a 10-year fixed interest rate of 4.56% and featured interest only amortization for the entire ten year term of the loan. Loan proceeds were used to refinance existing debt and pay associated closing costs. According to the Alaska based borrower, the combination of deferring principal and reducing the overall interest rate the financing package will generate an astounding $29K of additional monthly cash flow to his bottom line.