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3.2MM – North Carolina – Self Storage

Morganton, NC

Transaction Summary

$3,200,000

Area Morganton, NC
Property Type Self Storage
Loan Type CMBS

The Deal

How We Structured It

The sponsor needed a refinance of a floating high interest SBA loan. LFCP secured a non recourse 10 year fixed rate, full term IO, CMBS product at 7.74%. Additionally, This loan allowed the Sponsor to cashout funds needed to develop an adjacent self storage development site.

Next Step

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Track Record

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Phone (212) 537-9410
Email lending@lfairecap.com

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The Team

Andre Samuels
Gary Botchman
Alvin Joseph
John Myers
Eric J. Allen
Matthew Moss
Kevin Delmarr
Chad Broder
Matthew Hochstrasser
Vince Monaco
Karen Mayo
Miriam Rodriguez