$25,570,000 | A-1 Self Storage

Property: A-1 Self Storage Portfolio
Location: San Diego County, CA & San Jose, CA
Description: 6 well located, in-fill, state-of-the-art, multi-building facilities totaling 475,714 square feet demised into 4,831 units.
Loan Type: Refinance Loan
Lender: Life Insurance Company

Client Benefits:

  • Long-term, low fixed interest rate (sub 3.25%) to maximize borrower’s cash flow and yield.
  • Six individual un-crossed notes for ownership’s benefit
  • 10-12 year terms allowing spread of risk pertaining to market conditions upon loan maturities
  • 7-month early rate lock to mitigate interest rate risk during volatile market conditions
  • No reserves or escrow required to maximize borrowers control of cash