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: May 2019
Posted 4/24/2019
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 closed a $71 million CMBS loan for a Midwest-based sponsor. Loan proceeds were used to acquire a 21-property self storage portfolio spread across four states. The low leverage loan was less than 65% of acquisition cost and aggressively underwritten with a ten-year fixed rate term that included five years of interest only payments, followed by a 30-year amortization. The all in rate was locked under 4.15% demonstrating the low interest rate environment. Self storage remains in favor on Wall Street and it is a great time to be a borrower.

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