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Featured Deal: November 2018
Posted 10/17/2018
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The BSC Group recently arranged a $6.8 million partial recourse construction loan for a national sponsor. Loan proceeds will be used to construct a 115,000 square-foot self storage facility with more than 900 units in suburban Indianapolis. The loan featured a 48-month initial term with 36 months of interest-only payments and limited the guarantor’s recourse obligation to 25% of the advance upon completion, with a floating interest rate over LIBOR.

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