Gantry secured a $17.25 million loan recapitalizing a trio of Storelocal self storage properties in various greater Nashville MSA suburbs.
The properties were cross-collateralized under a single loan structure, resulting in a new, stabilized debt facility for the trio of assets that include the following facilities:
· Storelocal – Franklin
· Storelocal – Gallatin
· Storelocal – Spring Hill
Gantry’s Andy Bratt, Principal, Amit Tyagi, Principal, and Nick Severson, Associate, with the firm’s Irvine and Los Angeles (El Segundo) production offices represented the borrower, a private real estate investor. The four-year, fixed rate loan was provided by an insurance lender from Gantry’s extensive roster of correspondents and affiliates, featuring interest only for the entirety of the loan term.
