The Madison Group (TMG), a leading nationwide commercial
real estate financing advisory firm, is pleased to announce the successful
refinancing of four self-storage facilities located in Texas. The transaction
secured $19.25 million in non-recourse
financing.
The loan features a competitive interest rate near 6%, a 10-year term,
and a 10-year
interest-only structure, providing the sponsor with
enhanced cash flow flexibility. The portfolio comprises nearly 1,900
self-storage units and was financed at a conservative 60%
loan-to-value (LTV) ratio.
The refinancing reflects the sponsor's strategic objectives,
enabling them to optimize their capital structure and facilitate future growth
initiatives. By leveraging TMG's extensive network and expertise in identifying
alternative financing solutions, the sponsor successfully secured a
non-recourse loan tailored to align with their long-term investment goals. This
transaction exemplifies TMG's commitment to delivering financial solutions that
meet the unique needs of clients in the commercial real estate sector.
Location: Texas
Property: 4
Self-storage facilities
Loan Amount: $19,250,000
Term: 10 years
interest only
Amortization: 30 years
Guarantee: Non-recourse