Berkadia Arranges Two Loans

Posted by Poppy Behrens on Jan 22, 2020 12:00:00 AM

Berkadia has arranged financing on behalf of Crystal View Capital, a private investment firm based in Las Vegas, Nev., two acquire two self-storage facilities: AAA Platte Self Storage in Colorado Springs, Colo., and Stowaway Mini Storage in Portage, Mich. Senior Managing Director Cutt Ableson and Associate Director Johnny King of Berkadia’s Houston office secured two loans totaling $12.62 million. MidCap Financial Services provided a three-year, adjustable-rate loan of $10.1 million for AAA Platte. CIBC World Markets provided a 10-year, fixed-rate loan of $2.52 million for Stowaway.