$59,500,000 | LSC Development, LLC

Property: 3 Property New York Portfolio
Location: Oceanside, Garden City and Hewlett, NY
Description: Three recently constructed, Class-A storage facilities which benefit from irreplaceable locations in densely populated, yet substantially undersupplied trade areas on Long Island. The properties are insulated from the impacts of new supply as there is little to no developable land available due to the nature of these fully built out, mature New York submarkets.
Loan Type: Refinance/Bridge Loan
Capital Provider: Global Investment Manager

Client Benefits:

  • Partial repatriation of ownership equity through 80%+ leverage
  • Non-recourse
  • Minimized refinance risk via 48-month term with extension options