$34,000,000 | Catalyst Storage Investors

Property: West Coast Self Storage Portfolio
Location: Costa Mesa, San Pedro, and Santa Clara, CA & Vancouver, WA
Description: 5 recently constructed, institutional quality facilities totaling 252,352 square feet.
Loan Type: Refinance Loan
Lender: Life Insurance Company

Client Benefits:

  • Future earn out structured so ownership could capitalize on improvements in cash flow
  • 5 years of IO payments to maximize yield
  • Rate locked at application to eliminate rate risk during volatile period in the market
  • Collateral substitution allowed for further borrower optionality
  • Non-recourse loan