Recently Closed: $6,600,000 Cash-Out Refinance Loan on Northern CA Self Storage

March 9, 2022

BluePoint arranged a cash-out refinance on a 600+ units self-storage facility located in Northern California. The $6.6MM loan is fixed for 5-years, with a rate in the mid-3’s, 30-year amortization, and a Borrower friendly 3-year step-down prepayment penalty.

  • Property Type: Self-Storage
  • Location: Central Valley
  • LTV: 70%
  • Rate: Mid-3’s
  • Term: 5 Years
  • Amortization: 30 Years
  • Prepayment Penalty: 3-Year Step down
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