Amount: $11,800,000
Property Type: Self-Storage
Loan Type: Non-recourse
Loan Term: 10 year term

Self Storage Portfolio Loan
This $11,800,000 self storage was placed on a 10-year loan with a 30-year amortization secured by five properties in two states. The lender was a CMBS Wall Street Firm (Commercial Mortgage Back Securities – a/k/a Conduit). The loan carried a 10-year fixed rate on typical non-recourse loan terms.