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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