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.