Canton Retail/Self-Storage
$4,300,000 Mixed-Use Loan from Life Insurance Company
City: Canton, OH
Loan amount: $4,300,000
Lender type: Life Insurance Company
Property type: Mixed-Use
Size: 270 Units
Transaction description
William DeFanti of PSRS arranged the $4.3 million of structured bridge financing on mixed-use property in Canton, Ohio. The subject property is a big-box retail center with Aldi as its anchor tenant. The remainder of the property will be converted into 270 self-storage units. The subject was financed with one of our correspondent life insurance companies, PSRS provided its borrower a high leveraged 3-year loan term interest only.
TRANSACTION ADVISORS
William DeFanti
Vice President
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