Storage Business Owners Alliance
(248) 254-9000
Login  |  Join Now!
Twitter - Follow us on Twitter! Facebook - Look us up on Facebook! LinkedIn - We’re Linked! YouTube -
Featured Deal: March 2019
Posted 2/26/2019
print this article print    Email A Friend email    Share with Twitter   Share with Facebook   Share with LinkedIn   Share with   Share with Newsvine   Share with Reddit   Share with StumbleUpon   Share with Technorati  

The BSC Group recently arranged a $9.8 million line of credit (“LOC”) for an east-coast based institutional sponsor. The LOC is secured by four properties located in four separate markets throughout the United States. The 36 month, interest only non-recourse LOC features a competitive spread of 275 basis points over Libor, no non-use fee and is open to prepayment at any time. The loan was placed with a regional bank. Proceeds of the LOC with be used to expand the collateral, acquire new properties and fund JV Equity opportunities. Based on meeting certain loan metrics, the LOC can be expanded.

Featured Vendors:
Contact us
News - Storage Business Owners Alliance

Storage Business Owners Alliance
30665 Northwestern Highway
Suite 100
Farmington Hills, MI 48334 USA

Phone: (248) 254-9000
Fax: (248) 538-4327