The bridge lending market continues to tighten for non stabilized self storage asset. The BSC Group recently closed a 17.5MM non-recourse bridge loan for a Colorado based sponsor. The 65% LTC, sub 6% debt yield financing was used to purchase an existing self storage facility in the NYC MSA. This provided significant funds for capital […]
The BSC Group Deal of the Month Read More »
The BSC Group recently closed a $6.3M fixed rate permanent loan for an Arizona based sponsor. The loan proceeds were used to refinance a newly developed, multi-story self-storage facility in suburban Phoenix. The new loan retired the developer’s construction debt and provided a fixed interest rate under 3% for 10 years, with interest only amortization
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The BSC Group recently closed a $5.1M fixed rate permanent loan for a Colorado based institutional sponsor.  The loan proceeds were used to acquire a 2 property, multi-state self-storage portfolio consisting of more than 87,000 rentable square feet and more than 700 units in two states.  The new loan was underwritten at 59.5% LTV and
THE BSC Group’s Most Recent Deal Read More »
The BSC Group recently closed a $5.225M nonrecourse loan used to refinance a self-storage property in Galveston, TX, for a Texas based sponsor. The new loan was placed with a regional bank and features a 7 year fixed rate term on a 30 year amortization schedule, with 24 months of interest only payments. Due to the extremely
December Deal of the Month – The BSC Group Read More »
The BSC Group is pleased to announce the closing of a 19.9MM CMBS loan on a 5 property self storage portfolio located in the Northwest. The 70% LTV loan was structured with a 10 year term, a 30 year amortization and a rate in the low 4% range. The sponsor was able to refinance their
November Deal of the Month – The BSC Group Read More »
The BSC Group announced the closing of a $1.9MM CMBS loan used to acquire a mixed use, self-storage and retail property located in North Carolina. The 10 year fixed rate loan included 2 years of interest-only payments, followed by a 30 year amortization, and an interest rate in the low 3% range. This 65% LTV
October Featured Deal of the Month – The BSC Group Read More »
The BSC Group recently arranged a $4.6MM bridge loan for an east coast sponsor. The financing package was used to refinance a self storage property that had not hit stabilization prior to the maturity of an acquisition loan that was placed on the property 24 months earlier. The new 5 year interest only loan featured
BSC Group – Deal of the Month Read More »
The BSC Group, a Chicago based self-storage and commercial real estate financing advisor, recently closed a $4.22M non-recourse loan for a large sponsor used to acquire a self-storage property in Houston, TX. This fixed rate, non-recourse loan was placed with a national bank and featured a 5 year term with a 30 year amortization, along with
Featured Deal: August 2020 Read More »