Fort Apache is a two story self-storage facility built in 2005 consisting of 565 units. The building is well kept and maintained with an attractive leasing office and security system including cameras throughout the site. The $5,150,000 loan was used to refinance the property for 10 years. The loan is non-recourse with flexible prepayment included.
Type of transaction: Loan
Address: 3375 S Fort Apache Road, Las Vegas NV 89117
Borrower: Ft Apache Desert Inn, LLC
Mortgage Broker: Kyle Nagy of CommCap Advisors
Loan Amount: $5,150,000
Total square feet: 75,591 sf (565 units)
Details: The loan was structured with a 10 year term and 25 year amortization. Non-recourse with flexible prepayment included.
