Gallery Image #1 Gallery Image #2 Gallery Image #3 Gallery Image #4
Situation/Challenges
  • Portfolio of three self-storage properties
  • Large cash-out refinance of owned assets
  • 89.2% average combined occupancy at closing
  • One of the facilities is in a rural resort area
Solutions/Highlights
  • Two of the facilities are in well-populated areas that have good demand for self-storage
  • Sponsor has over 40 years' experience in this asset class
  • Long-term ownership of two of the assets
  • All properties show operational improvement since borrower acquisition
  • Non-recourse
  • 10-year term
  • Loan will remain on A10's balance sheet and serviced in-house