Church Ranch Self-Storage

$4,200,000 Self-Storage Loan from Life Insurance Company

City: Westminster, CO
Loan amount: $4,200,000
Lender type: Life Insurance Company
Property type: Self-Storage
Size: 663 Units

Transaction description

Kostas Kavayiotidis and Nicholas Drohan of PSRS arranged the $4.2 million refinance of a self-storage facility in Westminster, Colorado. The subject property features 663 units with great occupancy history and is in a robust market. Amenities include climate-controlled units, high ceilings, electronic gate access, and individually alarmed units. Financed with one of our correspondent life insurance companies, PSRS provided its borrower with a long-term, non-recourse loan with a 30-year amortization and flexible prepayment.

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