Representative Self Storage Financings
by Fantini & Gorga
$12,700,000 permanent loan for the refinance of Fortress Self-Storage, St. Thomas, USVI, placed with a CMBS lender. This transaction refinanced a $10,000,000 loan Fantini & Gorga placed on this property several years earlier.
$8,400,000 permanent loan on a storage property in Oakland Park, FL, arranged with an out-of-region bank.
$6,000,000 interim financing on a storage facility in Highland Park, IL, placed with a specialty lender providing nationwide non-recourse financing on storage properties.
$23,550,000 fixed-rate portfolio loan for the acquisition of five storage properties in Ohio, placed with a CMBS lender.
$2,750,000 permanent financing on a Store-U-Self property in Salisbury, MA, placed with an insurance company correspondent lender. As loan servicer, Fantini & Gorga later handled an assumption of this loan for a new buyer.
$6,500,000 construction loan for a new storage project in Salem, NH, placed with a regional bank.
$8,900,000 permanent loan for the acquisition of a Storage USA facility in Bloomfield, NJ, placed with a money-center bank through its securitized loan program.
$4,800,000 in three separate permanent loans on A+ Self Storage facilities in Kingston, Haverhill, and Lawrence, MA, arranged with an insurance company correspondent lender.
$4,650,000 permanent loan for the acquisition of a storage facility in Islip, NY, placed with a CMBS lender.
$6,100,000 construction loan for a new storage project in Wilmington, MA, placed with a local bank.
$5,250,000 permanent loan for Affordable Self Storage, Norwalk, CT, placed with a regional bank.
$4,537,000 permanent loan for the refinancing of a storage facility in West Palm Beach, FL, placed with a CMBS lender. Fantini & Gorga had earlier arranged the acquisition financing for this borrower.
$4,900,000 permanent loan on a Why Self Storage property in Merrimack, NH, placed with a CMBS lender.
$2,640,000 interim loan for the conversion of an industrial building in Derry, NH to a 54,000 square foot storage facility.