Berkadia Arranges Two Loans
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.
More Content
Popular Posts
The self storage industry is in a precarious...
The REITs new pricing strategy – lowering...
With the approval of both companies’...
There are an estimated 700,000 hotels in the...
Boat and RV storage has morphed and...
In a booming economy, expendable income...
It’s odd that I ever get the “last word,”...
It’s said that necessity is the mother of...
Recent Posts
Being present in today’s world is more...
Branded marketing materials: Some people...
Back in the 1960s, an inventor formulated a...
Is self-storage still a local business?...
Disasters can strike unexpectedly, prompting...
Go to any self-storage event or attend any...
March 15, 2020: It was the day that the...
![500x500](https://www.modernstoragemedia.com/hubfs/500x500.jpg)