| Property: | 6743 South 1300 East and 1053 East 3300 South |
| Location: | Cottonwood Heights and Millcreek, UT |
| Description: | Two property portfolio built in 2009-2010, featuring 148,071 combined net rentable square feet in 1,342 climate and non-climate-controlled storage units. These Class-A facilities benefit from frontage on major arterials and have excellent visibility and accessibility in comparison to competitive properties. |
| Loan Type: | Perm Loan |
| Capital Provider: | Life Insurance Company |
Client Benefits:
- Locked into an attractive interest rate at loan application
- Enhanced cash yield via full term IO structure
- Met the requested 5-year loan term and maintained pre-payment flexibility
- Non-recourse