Dec
19

KeyBank Arranges $13M Loan for Self-Storage Portfolio in CO, MI

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The portfolio includes three Mini U Storage assets, totaling 185,172 square feet, located in Denver, Livonia, Mich. and Highlands Ranch, Colo.

KeyBank Real Estate Capital has originated $12.5 million in CMBS, first mortgage loans for a three-property self-storage portfolio totaling 185,172 square feet in Colorado and Michigan. KeyBank arranged the loans with 10-year terms, five-year interest-only periods and 30-year amortization schedules. Loan proceeds will refinance existing CMBS debt.

The portfolio includes Mini U Storage Denver, a 65,660-square-foot facility that received a $4.3 million loan. Built in 1976, the asset comprises 12, one-story buildings, featuring 484 units and a leasing office…

KeyBank Arranges $13M Loan for Self-Storage Portfolio in CO, MI

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