Church Ranch Self-Storage

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.