Provo Storage
$6,300,000 Self-Storage Loan from Credit Union
City: Provo, UT
Loan amount: $6,300,000
Lender type: Credit Union
Property type: Self-Storage
Size: 725 Units
Transaction description
William DeFanti arranged a $6.3 million refinance for a 725-unit, 130,510 RSF self-storage facility in Provo, Utah. Operating at 65% occupancy, the property was financed to deliver significant cash-out proceeds alongside a 30-year amortization schedule. PSRS secured a zero-prepayment penalty structure from day one to maximize future recapitalization and exit flexibility for the borrower.
TRANSACTION ADVISORS
William DeFanti
Vice President
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