Mini-Storage Facilities
| Amount: | $2,300,000 |
|---|---|
| Property Type: | Self-Storage |
| Loan Type: | 80% Loan to Value, 10 year term, 30 year amortization |
| Loan Term: | 10 year term |
|
Caffrey & Company LLC has closed a $2.3 million loan secured by two mini-storage facilities and two office buildings. Pricing came in below 5.50%, fixed for 10 years with a 30 year amortization. Low fixed closing costs, and traditional non-recourse terms were obtained for the borrower on this 80% loan to value transaction. |
Current Rates (09/03/2010)
- Apartments 4.55%
- Mobile Home Park 4.75%
- Anchored Retail 5.65%
- Non-Anchored Center 5.85%
- Single Tenant Retail 5.80%
- Office 5.85%
- Industrial / Flex 5.92%
- Self-Storage 6.15%
- Medical Office 5.15%
- Hotel 6.65%
- Owner Occupied 4.65%
- Land 8.65%
- Other 6.40%
Rates are based on a $2 million loan, 25 year amortization, 10 year fixed rate term. For apartment complexes, a 30 year amortization is available.