The debt markets have changed significantly since the Fed began raising interest rates in early 2022. As a mortgage broker, I’ve seen deals repriced, paused and/or die as a result. Still, we continue to close loans by embracing a strategic perspective that fits the current environment. The best financing execution is one that focuses on future goals and what can be controlled by the borrower. A case study will help illustrate this. We recently closed a loan fitting the following profile: Strong historical cash flow Low leverage Tertiary market The…
Day: September 12, 2023
Recent Transactions: 9.05.2023 – 9.11.2023
Portfolio: Three Self-Storage Portfolio Locations: Belleview, FL, Pea Ridge, AR and Kingsland, GA Buyer: Spartan Investment Group Acreage: 4.63 acres (Belleview) 15.21 acres (FreeUp Storage Pea Ridge, AR) NRSF: 30,000 (Kingsland, GA) Square Feet: 27,000 (FreeUp Storage Pea Ridge) Unit Count: 550 units (Belleview, FL) 333 units (Kingsland, GA) Highlights: Spartan will transition the property into the FreeUp Storage brand Plans to build an additional 20,000 square feet Spartan’s portfolio has 66 properties Property: 3 Men Movers Self-Storage Facility Location: Houston, TX Buyer: SkyView Advisors NRSF: 78,372 Unit Count:…