Nov

FL Self-Storage Project Receives $8M Loan

Walker & Dunlop has arranged the loan, structured with a 10-year term and 12-month construction period. Preferred Storage is expected to be completed in 2018.

Walker & Dunlop Inc. has structured a $8.1 million construction loan for Preferred Storage, a 101,533-square-foot self-storage facility in Plantation, Fla. The loan, secured through a national bank, is structured with a 10-year term and 12-month construction period, followed by a 36-month stabilization period on an interest-only basis. The remaining six years of the loan term will be amortized over 25 years…

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FL Self-Storage Project Receives $8M Loan

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