Fantini & Gorga arranged $5,600,000 in acquisition financing for two self-storage facilities in Connecticut.
Cromwell AAA Self Storage is a seasoned 49,000 square foot facility containing 382 units and is located in Cromwell, CT. Lock Tight Self Storage is located in Hamden and contains 86,000 square feet and 648 units. Following their acquisition by PhilMor affiliates both facilities are now operated under the Casey Storage Solutions (CSS) banner. CSS, one of the region's leading storage brands, operates 11 properties in four New England states, with two more under construction. Fantini & Gorga represented Massachusetts-based PhilMor REI, LLC, a Massachusetts based storage operator.
The loans were placed with regional banks.
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FHA Insured Loan