Summary: The Madison
Group (TMG), a leading national lending source of self-storage finance arranged
the $4,050,000 refinance for a 277-unit self-storage facility in Utah.
Upon engaging TMG, the borrower’s primary goal was simple -
find the best rates and terms available in the market for a well-positioned,
stabilized mini-storage facility that had been under ownership and management
for many years. Having placed a similar facility
in both size, location, and loan amount just a short time earlier, TMG returned
to one of its trusted lenders to find excellent non-recourse financing to fund
the deal. With the help of TMG’s
processing department and the borrower’s timeliness for required approval and
closing documents, the transaction closed and funded in less than 60 days from
initial discussions. A true win-win for
all parties involved.
Location: Utah
Property: 277 Unit
Self-Storage Facility
Loan Amount: $4.050,000
Interest Rate: 3.00%
Term: 10 Years
Amortization: 30 Years
Prepayment: 5, 5, 4,
4, 3, 3, 2, 2, 1, 1
LTV: 67.5%
Non-Recourse