LMF Commercial Provides $6.06 Million Acquisition Loan For Two Self Storage Facilities In Birmingham AL
$6,060,000
$59/SF
Building Size
101,135 SF
Asset Type
Self Storage
Closing
Dec 1, 2025
AI
Two self-storage facilities located in Birmingham, AL, consisting of a total square footage of 101,135. The loan amount is $6,060,000, secured for the acquisition of these facilities.
Summary of transaction details:
- Property Type: Self Storage Facilities
- Transaction Amount: $6,060,000
- Lender: LMF Commercial
- Loan Originator: Scott Burk
- Loan Type: Acquisition
- Loan Terms: CMBS- 5 Year, FTIO
Scott Burk is the loan originator associated with this transaction, representing the lender, LMF Commercial, in the structure of this loan agreement for the self-storage facilities in Birmingham, AL.
Players
Market Self Storage Market Snapshot
Boundary boundary · Self Storage · Loan transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
2.62%
Cash-on-Cash
-0.75%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93