Property: Self Storage
Deal Type: Rate & Term Refi out of hard money used for acquisition post stabilization
Loan Amount: $1,108,000
This borrower came to us in late-January with a portfolio of self-storage facilities located across the country. After months of working with other lenders the borrower grew frustrated due to unfulfilled commitments. When he found Stronghill, we were able to refinance his existing debt and offer a long-term financing solution at rates under 7%. The borrower has a portfolio of 15 self-storage facilities nationwide and is currently working with Stronghill Capital to refinance the rest of his portfolio.