Enterprise Bank & Trust Finances Clear Sky Capital For Scottsdale Self-Storage Project

The construction of a 98,310-square-foot self-storage facility in Scottsdale, Arizona, located at 7025 East Mcdowell Road, was financed by Enterprise Bank & Trust. The loan amount extended for this project was $17,500,000, and it was designated as a Construction loan. The landlord overseeing this development is Matthew Collins, who is associated with Clear Sky Capital.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $17,500,000
• Market: Scottsdale, AZ
• Lender: Enterprise Bank & Trust
• Landlord: Matthew Collins - Clear Sky Capital

JLL Capital Markets played a crucial role in orchestrating the financing for developer Clear Sky Capital of Phoenix, ensuring the successful funding of the self-storage facility construction project.