$29,090,000 | Madison Capital Group

Property: Go Store It 4 Property North Carolina Portfolio
Location: Arden, Asheville, Charlotte & Wilmington, NC
Description: Four recently built, Class A, state-of-the-art, self storage properties. The portfolio includes a mix of 2,355 climate controlled and non-climate-controlled units and totals 255,064 square feet. All four properties benefit from their respective proximity to nearby industrial uses, single-family/multi-family residential housing and retail centers.
Loan Type: Refinance/Bridge Loan
Capital Provider: Life Insurance Company

Client Benefits:

  • No lease up covenants
  • Eliminated interest rate risk with 5-year fixed rate loan term
  • Enhanced cash yield with an IO period
  • Non-recourse