Gantry Arranges Loan For StorEz in Scottsdale, AZ

Posted by Modern Storage Media on Dec 12, 2023 11:28:23 AM

Gantry has arranged an $18.3 million loan for StorEz Self Storage, a 71,000-rentable-square-foot, 797-unit facility in Scottsdale, Ariz.  The five-year permanent loan was underwritten on the asset’s five-year proforma as it moves through stabilization. An insurance company provided the financing, which features a fixed rate with an initial interest-only period followed by 25-year amortization.

 

Andy Bratt and Sean Kuang of Gantry’s Irvine, Calif., office secured the loan on behalf of the undisclosed borrower.