Monroe & Giordano Arrange Loan for Retail and Storage Facility

Posted by MiniCo on Dec 5, 2013 12:00:00 AM

Monroe & Giordano Arrange Loan for Retail and Storage Facility

Monroe & Giordano, a Tampa based Mortgage Company, arranged through its national lending sources, a Permanent Loan totaling $5,441,775 on Masonova Retail and Storage in Daytona Beach, FL. The facility is located on the south side of Mason Avenue just west of the intersection at Nova Road. Mason Avenue is a direct arterial leading to Daytona’s famous Atlantic beaches.

Masonova Retail and Storage contains 156,719 gross square feet on 14.99 acres. The climate controlled storage component is 37% of the total space with the remaining space comprised of retail tenants. The facility was developed in phases beginning in 1970 with a major renovation in 1998. Current occupancy is 100%.

This transaction is the third time M&G has provided financing for Masonova. This transaction represented a continuation of a twenty year relationship with the Clark family, a prominent and well respected local developer that owns a number of self storage facilities and manufactured home communities.

About Monroe & Giordano

J. Cary Monroe, Michael B. Giordano, Matt Gentile and Glenda Rice with over 65 combined years experience in commercial real estate lending, have established the commercial mortgage banking firm of Monroe & Giordano which is active primarily in the Southeastern United States. The firm represents numerous lenders that are extremely active for properties of these types. Monroe & Giordano have proven they have the ability to provide their borrowers creative solutions based on each borrower’s unique needs.

Monroe & Giordano have offices in Tampa, Florida and may be reached at 813-229-5055. For more information,please visit: