| Property: | 7245 East Gold Dust Ave. |
| Location: | Scottsdale, AZ |
| Description: | Class-A, Life Storage branded property featuring 82,115 net rentable square feet comprised of 854 climate-controlled self storage units of which 86 units are drive-through storage units on the first floor of the facility. Situated adjacent to Paradise Valley, the most affluent community in Arizona, the property also benefits from being located within 1-mile of two of Scottsdale’s largest and oldest master-planned communities. |
| Loan Type: | Refinance/Bridge Loan |
| Capital Provider: | Debt Fund |
Client Benefits:
- Repatriated equity via a high LTC loan advance
- Non-recourse
- 3-year term with extension options
- Pre-payment flexibility enhanced owner’s future options