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Featured Deal: May 2019
Posted 4/24/2019
 
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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.

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Storage Business Owners Alliance
30665 Northwestern Highway
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Farmington Hills, MI 48334 USA
www.thesboa.com

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