Small Town Storage

Transaction: Acquisition
Loan Amount: $976,900
Interest Rate: 5.50% fixed for 5 years
Amortization: 25 years
Recourse: Full

Fern Ridge RV & Boat Storage

 

Transaction: Acquisition
Loan Amount: $1,760,000
Interest Rate: 4.65% fixed for 5 years
Amortization: 25 years
Recourse: Full

Sunset Ranch Self-Storage

Transaction: Construction
Loan Amount: $4,150,000
Interest Rate: Prime + 0.75% for 3 years, then fixed rate options
Amortization: Interest only for 3 years, then 25-years
Recourse: Full

Extra Space Storage

Transaction: Construction
Loan Amount: $6,850,000
Interest Rate: LIBOR + 3.15% for 3 years, then fixed rate options
Amortization: Interest only for 3 years, then 25 years
Recourse: Limited to $2,000,000, then declining

Extra Space Storage

Transaction: Construction
Loan Amount: $6,150,000
Interest Rate: LIBOR + 3.15% for 3 years, then fixed rate options
Amortization: Interest only for 3 years, then 25 years
Recourse: Limited to $1,800,000, then declining