$15,875,000 | William Warren Group

Property: Byram & New Haven Self Storage
Location: Port Chester, NY & New Haven, CT
Description: 115,000 rentable square feet in a 6-story self storage property comprised of 912 units and a 5-story self storage property comprised 1,063 units.
Loan Type: Acquisition Loan
Lender: CMBS

Client Benefits:

  • 10-year fixed rate loan to lock into long-term cash flow for ownership
  • 5 years of IO payments to maximize ownership’s cash flow
  • Aggressive cash flow underwriting to achieve acquisition leverage on value add purchase
  • Individual non-cross collateralized loans for maximum borrower flexibility