$7,300,000 | Metro Self Storage

Property: Naperville Self Storage Development
Location: Naperville, IL
Description: Ground up development of a 92,000 rentable square foot self storage facility.
Loan Type: Construction Loan
Lender: National Credit Facility

Client Benefits:

  • 4 year term, with 1, one-year extension option to minimize economic risk during stabilization
  • IO payments for the first 36 months to increase cash flow during lease up
  • Prepayment flexibility for ease of conversion to long-term loan