| Property: | Secure Self Storage |
| Location: | Norwalk, CT |
| Description: | Class A self storage facility located at 587 Connecticut Avenue in Norwalk, Connecticut. The newly constructed, state-of-the-art facility totals 72,490 net rentable square feet across 766 climate-controlled storage units and 2 RV parking spaces. Norwalk is situated along the Gold Coast, one of the wealthiest areas of the country, and is approximately 48 miles Northeast of New York City. |
| Loan Type: | Refinance/Bridge Loan |
| Capital Providers: | Midwestern based Bank |
Client Benefits:
- Returned Owner’s original equity
- 3.5-year term with 36 months IO
- Limited recourse
- Priced at low 200’s over LIBOR