Dallas-based Terrydale Capital has arranged a $24.2 million acquisition loan for a portfolio of self-storage properties located in South Texas. The portfolio consists of eight existing facilities, four vacant sites and one site that is under construction. Cody Baker of Terrydale Capital arranged the five-year loan, which carried a fixed interest rate of 3.25 percent, two years of interest-only payments and a 25-year amortization schedule. An undisclosed correspondent bank provided the loan. The borrower was also not disclosed.
Related posts
-
Self-Storage Asset Recapitalized at $15.2M by VOC Partners in Lehigh Valley, Pennsylvania
VOC Partners completed a $15.2M recapitalization of its Lehigh Street self-storage property in Whitehall, Pennsylvania, returning... -
William Warren Group Completes Portfolio Refinance Across Five US States
Talonvest Capital arranged a $40.2 million refinance for a five-property self-storage portfolio owned by William Warren... -
JLL Arranges $15M Construction Financing for Self-Storage Development in Bend, Oregon
JLL has arranged $15.534 million in construction financing for Badger Road, Bend Self Storage, a ground-up...