Amount: $2,300,000
Property Type: Self-Storage Facilities
Loan Type: 80% Loan to Value, 10-year term, 30-year amortization
Loan Term: 10-year term

Caffrey & Company LLC has closed a $2.3 million loan secured by two mini-storage facilities and two office buildings. Pricing came in below 5.50%, fixed for 10 years with a 30-year amortization. Low fixed closing costs and traditional non-recourse terms were obtained for the borrower on this 80% loan-to-value transaction. For larger projects over $10 million high leverage is possible.  Current rates for stabilized properties are available on our website caffreyloans.com.