{"id":4368,"date":"2023-08-11T15:42:54","date_gmt":"2023-08-11T15:42:54","guid":{"rendered":"https:\/\/listselfstorage.com\/us\/industry-insights\/?p=4368"},"modified":"2023-08-11T15:42:54","modified_gmt":"2023-08-11T15:42:54","slug":"bwe-arranges-10-million-loan-for-self-storage-project-in-lancaster-ca","status":"publish","type":"post","link":"https:\/\/listselfstorage.com\/us\/industry-insights\/bwe-arranges-10-million-loan-for-self-storage-project-in-lancaster-ca\/","title":{"rendered":"BWE Arranges $10 Million Loan for Self Storage Project in Lancaster, CA"},"content":{"rendered":"<p><!-- VideographyWP Plugin Message: Automatic video embedding prevented by plugin options. --><br \/>\n<img loading=\"lazy\" class=\"aligncenter\" src=\"https:\/\/www.connectcre.com\/wp-content\/uploads\/2023\/08\/Self-Storage-Stylized-generic.jpg\" width=\"651\" height=\"405\" \/><\/p>\n<p><span style=\"font-size: medium;\"><span style=\"color: #222222;\"><span style=\"font-family: Lato, Helvetica Neue, Arial, Helvetica, sans-serif;\">BWE closed a $10,000,000 construction loan for the ground-up development of a new 733-unit self-storage facility in downtown Lancaster, CA.<\/span><\/span><\/span><\/p>\n<p><span style=\"font-size: medium;\"><span style=\"color: #222222;\"><span style=\"font-family: Lato, Helvetica Neue, Arial, Helvetica, sans-serif;\">Arash Kouhi, VP in BWE\u2019s Phoenix office, originated the loan from a credit union on behalf of Frontera Real Estate Investments. The loan has a 15-year term with three years of interest-only payments.<\/span><\/span><\/span><\/p>\n<p><span style=\"color: #222222;\">\u201c<span style=\"font-size: medium;\"><span style=\"font-family: Lato, Helvetica Neue, Arial, Helvetica, sans-serif;\">We worked closely with our partners at Frontera Real Estate to complete this deal despite the adverse market conditions, and we\u2019re proud to help them develop this project in an area that\u2019s seeing high demand for reliable self-storage,\u201d said Kouhi. \u201cAs Lancaster\u2019s attainable housing prices and economic growth continue to spur movement to the city, this new development will address a crucial lack of product in the area.\u201d<\/span><\/span><\/span><\/p>\n<p><a href=\"https:\/\/www.connectcre.com\/stories\/bwe-arranges-10m-loan-for-lancaster-self-storage-project\/\" target=\"_blank\" rel=\"noopener noreferrer\"><span style=\"font-size: medium;\"><span style=\"color: #222222;\"><span style=\"font-family: Lato, Helvetica Neue, Arial, Helvetica, sans-serif;\">Source<\/span><\/span><\/span><\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>BWE closed a $10,000,000 construction loan for the ground-up development of a new 733-unit self-storage facility in downtown Lancaster, CA. Arash Kouhi, VP in BWE\u2019s Phoenix office, originated the loan from a credit union on behalf of Frontera Real Estate Investments. The loan has a 15-year term with three years of interest-only payments. \u201cWe worked closely with our partners at Frontera Real Estate to complete this deal despite the adverse market conditions, and we\u2019re proud to help them develop this project in an area that\u2019s seeing high demand for reliable&hellip;<\/p>\n","protected":false},"author":13,"featured_media":4369,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":[],"categories":[23,4],"tags":[],"gutentor_comment":0,"_links":{"self":[{"href":"https:\/\/listselfstorage.com\/us\/industry-insights\/wp-json\/wp\/v2\/posts\/4368"}],"collection":[{"href":"https:\/\/listselfstorage.com\/us\/industry-insights\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/listselfstorage.com\/us\/industry-insights\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/listselfstorage.com\/us\/industry-insights\/wp-json\/wp\/v2\/users\/13"}],"replies":[{"embeddable":true,"href":"https:\/\/listselfstorage.com\/us\/industry-insights\/wp-json\/wp\/v2\/comments?post=4368"}],"version-history":[{"count":1,"href":"https:\/\/listselfstorage.com\/us\/industry-insights\/wp-json\/wp\/v2\/posts\/4368\/revisions"}],"predecessor-version":[{"id":4370,"href":"https:\/\/listselfstorage.com\/us\/industry-insights\/wp-json\/wp\/v2\/posts\/4368\/revisions\/4370"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/listselfstorage.com\/us\/industry-insights\/wp-json\/wp\/v2\/media\/4369"}],"wp:attachment":[{"href":"https:\/\/listselfstorage.com\/us\/industry-insights\/wp-json\/wp\/v2\/media?parent=4368"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/listselfstorage.com\/us\/industry-insights\/wp-json\/wp\/v2\/categories?post=4368"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/listselfstorage.com\/us\/industry-insights\/wp-json\/wp\/v2\/tags?post=4368"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}