| Home | February 2015News | Terrace Capital Announces the Origination of a High Leverage, Interest Only, Self Storage Facility Loan |
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 Terrace Capital Announces the Origination of a High Leverage, Interest Only, Self Storage Facility Loan- Terrace Capital Announces the Origination of a High Leverage, Interest Only, Self Storage Facility Loan
- February 04, 2015
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Terrace Capital, a full service real estate investment bank, announces the origination of a $21.5MM mortgage on six self storage facilities located in Texas. The high leverage, acquisition financing provided a 100% loan-to-cost mortgage on three of the six facilities.
Terrace Capital, a full service real estate investment bank, announces the origination of a $21.5MM mortgage on six self storage facilities located in Texas. The high leverage, CMBS financing provided funds for the acquisition of three facilities and refinance/restructuring of debt on three other facilities, owned by the same borrower. The non recourse mortgage had a 10 year fixed term, several years of interest only, with no personal guarantees. The financing broke new ground in the CMBS 2.0 ...
- View more at: http://www.1888pressrelease.com/terrace-capital-announces-the-origination-of-a-high-leverage-pr-554655.html
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