| Property: | GoodFriend Self Storage |
| Location: | North Bergen, NJ |
| Description: | Newly constructed, state-of-the-art storage facility located at 4301 Tonnelle Avenue in North Bergen, NJ comprised of 1,478 climate controlled self storage units and 89,800 rentable square feet. |
| Loan Type: | Refinance Loan |
| Lender: | Global Investment Bank’s CMBS lending division |
Client Benefits:
- Initial underwriting was forward looking to maximize leverage
- 10 year, fixed rate loan to reflect ownership’s long term orientation to enhance yield
- IO payments for the first 24 months