$17,455,000 | Rosewood Property Group

Property: Rhode Island Portfolio
Location: East Greenwich, Narragansett & Richmond, RI
Description: Three-property Rhode Island portfolio consisting of 1,416 storage units across 177,575 net rentable square feet. Each property benefits from excellent visibility and accessibility, high income demographics in the trade area, and proximity to multiple major retailers.
Loan Type: Perm Loan
Lender: National Bank

Client Benefits:

  • Interest only payments for 10 years to enhance cash yields
  • Long term fixed rate to eliminate interest risk
  • Non-recourse loan to eliminate contingent obligations