The borrower was looking to exit a bridge loan that CommCap arranged while the asset was in lease-up.
Adam Gregory, CCIM and Shelly Dunbar (Ratto) arranged a 10-year, fixed rate loan with a correspondent life insurance company meeting the borrowers long term plans.
Loan Amount: $6,665,000
Property Type: Self Storage
Property: Springville Self Storage
Lender Type: Life Insurance
Term: 10 Year
Amortization: 25 Year
Interest Rate: 3.625%
Contact today for current rates!
Adam Gregory, CCIM
702.792.7560
Shelly Dunbar
775.345.3659
As your exclusive advisors, CommCap utilizes proprietary systems, market expertise, and years of experience to secure aggressive financing options that best fit your property. Exclusive correspondent and servicing relationships with Life Insurance Company, CMBS, and Agency lenders ensure a broad and in-depth representation of current market conditions. Our team of advisors craft a loan structured to enhance revenue and allow you to focus on increasing cash flow.
We do not list, sell, manage, or lease property. We only arrange financing and are the best at what we do.