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: February 2019

Date: 1/29/2019

The BSC Group recently arranged $15.12 million in bridge loan proceeds for a midwest-based institutional sponsor. The financing package was used to acquire a ten-property self storage portfolio with various locations spread over five states. The 36-month interest-only loan featured a competitive spread of 200 basis points over Libor and is open to prepayment at any time. The loan was placed with a regional bank.