$13,345,000 | World Class Capital Group

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Property: 24314 The Old Road
Location: Santa Clarita, CA
Description: Development of a 100,000-square foot self storage facility on a 2.39-acre site located along Interstate 5 in Los Angeles County.
Loan Type: Construction Loan
Lender: Regional Bank

Client Benefits:

  • Low LIBOR floating rate to maximize the investor’s IRR
  • 4-year term provides time frame cushion to stabilize occupancy
  • Extension option available to minimize future refinance risk
  • Recourse burn down negotiated to minimize sponsor’s risk