$10,100,000 | William Warren Group

Property: StorQuest Glendale & Tallahassee
Location: Glendale, AZ & Tallahassee, FL
Description: 75,100 square foot property with 682 self storage units located at 9240 N. 67th Avenue in Glendale, AZ and a 76,298 square foot, 618 unit, storage facility built in 2008 located at 2401 Barcelona Lane in Tallahassee, FL.
Loan Type: Refinance Loan
Lender: Conduit lending division of a large bank

Client Benefits:

  • Two, 10-year interest only loans to maximize cash-on-cash returns
  • Fixed rate, cash out refinances to return equity and minimize risk
  • Non-recourse to mitigate owner’s risk