Provo Storage

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.