FL Self-Storage Project Receives $8M Loan

  • Nov. 23, 2017
  • Commercial Property Executive

Walker & Dunlop Inc. has structured a $8.1 million construction loan for Preferred Storage, a 101,533-square-foot self-storage facility in Plantation, Fla. The loan, secured through a national bank, is structured with a 10-year term and 12-month construction period, followed by a 36-month stabilization period on an interest-only basis. The remaining six years of the loan term will be amortized over 25 years. 

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