Secured $7.85MM Construction Financing for Self-Storage Facility

The loan of the week for July 9, 2015 features a 100,000 square foot self-storage facility in Newark, California. The $7,850,000 loan iss for ground-up construction and has an interest rate of the 30-day LIBOR plus 2.90%, which is 3.09% today. The loan has a three-year term with two twelve-month extensions. To read more about this and other interest rate news, click here.

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