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$12,000,000

For Empire Mini Storage
in Novato, CA

Financing Type: Permanent
Property Type: Storage
Term: 10 Years
Amortization: 30 Years

Transaction Contacts

  • Darren Pacheco
    San Francisco Office
    (415) 956-7600

  • Michael Heagerty
    San Francisco Office
    (415) 956-7600

Share this Transaction

Storage

“This was a unique transaction with a lot of moving parts. The borrower was seeking working capital, so we decided to defease the existing CMBS loan five years early to capture the historically low interest rates. One of our exclusive life company lenders provided market leading terms which included a declining pre-payment structure. The borrower was very pleased with receiving an extremely low rate with the utmost flexibility in the future.”

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