{"id":4559,"date":"2023-09-18T12:37:21","date_gmt":"2023-09-18T12:37:21","guid":{"rendered":"https:\/\/listselfstorage.com\/us\/industry-insights\/?p=4559"},"modified":"2023-09-18T12:38:15","modified_gmt":"2023-09-18T12:38:15","slug":"greystone-furnishes-14-million-cmbs-for-a-self-storage-in-torrance-ca","status":"publish","type":"post","link":"https:\/\/listselfstorage.com\/us\/industry-insights\/greystone-furnishes-14-million-cmbs-for-a-self-storage-in-torrance-ca\/","title":{"rendered":"Greystone Furnishes $14 Million CMBS Loan For a Self-Storage in Torrance, CA"},"content":{"rendered":"<p><!-- VideographyWP Plugin Message: Automatic video embedding prevented by plugin options. --><br \/>\n<img loading=\"lazy\" class=\"wp-image-4560 aligncenter\" src=\"https:\/\/listselfstorage.com\/us\/industry-insights\/wp-content\/uploads\/2023\/09\/Greystone_cmbs.jpg\" alt=\"\" width=\"524\" height=\"524\" \/><\/p>\n<p><span style=\"font-size: medium;\"><span style=\"color: #222222;\"><span style=\"font-family: Lato, Helvetica Neue, Arial, Helvetica, sans-serif;\">Greystone has provided a $14,000,000 CMBS loan to refinance an 801-unit self-storage property, SOS Storage Center, in Torrance. The financing was originated by Anthony Cristi, managing director at Greystone.<\/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;\">The first mortgage, provided at 59.6% loan-to-value, includes a 10-year term with interest-only payments.<\/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;\">The property was originally constructed in 1992 as an office property. The sponsor converted it to a self-storage facility in 2008. It includes 801 self-storage units made up of predominantly standard and climate-controlled units, and also features vault storage and wine storage units, across a total of 79,515 square feet.<\/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;\">The L.A. market is prime for self-storage investment, and premier operators such as SOS Storage Center have built a reputation as a high-quality, in-demand service provider to this area,\u201d said Cristi.<\/span><\/span><\/span><\/p>\n<p><span style=\"text-decoration: underline;\"><a href=\"https:\/\/www.connectcre.com\/stories\/greystone-furnishes-14m-cmbs-on-torrance-self-storage\/\" target=\"_blank\" rel=\"noopener noreferrer\"><span style=\"font-size: medium;\"><span style=\"color: #222222; text-decoration: underline;\"><span style=\"font-family: Lato, Helvetica Neue, Arial, Helvetica, sans-serif;\">S<\/span><\/span><span style=\"color: #222222; text-decoration: underline;\"><span style=\"font-family: Lato, Helvetica Neue, Arial, Helvetica, sans-serif;\">ource<\/span><\/span><\/span><\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Greystone has provided a $14,000,000 CMBS loan to refinance an 801-unit self-storage property, SOS Storage Center, in Torrance. The financing was originated by Anthony Cristi, managing director at Greystone. The first mortgage, provided at 59.6% loan-to-value, includes a 10-year term with interest-only payments. The property was originally constructed in 1992 as an office property. The sponsor converted it to a self-storage facility in 2008. It includes 801 self-storage units made up of predominantly standard and climate-controlled units, and also features vault storage and wine storage units, across a total of&hellip;<\/p>\n","protected":false},"author":13,"featured_media":4560,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":[],"categories":[4],"tags":[],"gutentor_comment":0,"_links":{"self":[{"href":"https:\/\/listselfstorage.com\/us\/industry-insights\/wp-json\/wp\/v2\/posts\/4559"}],"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=4559"}],"version-history":[{"count":2,"href":"https:\/\/listselfstorage.com\/us\/industry-insights\/wp-json\/wp\/v2\/posts\/4559\/revisions"}],"predecessor-version":[{"id":4562,"href":"https:\/\/listselfstorage.com\/us\/industry-insights\/wp-json\/wp\/v2\/posts\/4559\/revisions\/4562"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/listselfstorage.com\/us\/industry-insights\/wp-json\/wp\/v2\/media\/4560"}],"wp:attachment":[{"href":"https:\/\/listselfstorage.com\/us\/industry-insights\/wp-json\/wp\/v2\/media?parent=4559"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/listselfstorage.com\/us\/industry-insights\/wp-json\/wp\/v2\/categories?post=4559"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/listselfstorage.com\/us\/industry-insights\/wp-json\/wp\/v2\/tags?post=4559"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}