facebook
Traded Co logo
Submit

Calmwater Capital Provides $18.2 Million Construction Loan For Self Storage In Van Nuys

Property Image
FINANCED
$18,200,000
Brian Somoza
John Williamson
+ 1

California

See Similar Deals
Self Storage65,220 SF
Financed 08/30/2024
the dealplayerscompscontact
Property Image
FINANCED

Calmwater Capital Provides $18.2 Million Construction Loan For Self Storage In Van Nuys

14876 Raymer Street

See Similar Deals
Self Storage65,220 SF
Financed 08/30/2024
Brian Somoza
John Williamson
+ 1
Contact now

Summary

CALIFORNIA
Asset Type:Self Storage
Price Per Square Foot:$279
Total Square Footage:65,220 SF
Transaction Type:Loan

The property asset involved in this transaction is a self-storage facility located at 14876 Raymer Street in the Van Nuys market, encompassing a total square footage of 65,220. The construction loan amount for this asset is $18,200,000.

Summary of transaction details:

The deal includes key individuals and companies involved, with Larry Grantham, Zach Novatt, and Ryan Morrell representing Calmwater Capital as the lenders. Christ Tourtelotte and Bryan Miranda are the landlords from LaTerra Development, while the brokerage representation is provided by Stephen Van Leer, John Williamson, Brian Somoza, and Chad Morgan from JLL.

Players

Brian Somoza
25 deals$382.6M volume
BROKER

Chad Morgan
JLL
13 deals$542.4M volume(949) 274-0018
BROKER

John Williamson
JLL
3 deals$108.7M volume(713) 212-6587
BROKER

Stephen Van Leer
JLL
17 deals$1.2B volume(516) 661-0102
BROKER

Calmwater Capital
LENDER

Details

FINANCED
IMAGE: Ryan Morrell, Zach Novatt, Christ Tourtelotte, Bryan Miranda, Stephen Van Leer, John Williamson, Brian Somoza & Chad Morgan DATE: 08/30/2024 ADDRESS: 14876 Raymer Street MARKET: Van Nuys ASSET TYPE: Self Storage ~ SF: 65,220 LENDER: Larry Grantham, Zach Novatt & Ryan Morrell - Calmwater Capital (@CalmwaterCapital) LANDLORD: Christ Tourtelotte & Bryan Miranda - LaTerra Development BROKERS: Stephen Van Leer, John Williamson, Brian Somoza & Chad Morgan - JLL (@JLL) LOAN AMOUNT: $18,200,000 LOAN TYPE: Construction

Stay in the Know

Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.

By subscribing, you agree to our Terms of Service and Privacy Policy.

Similar Deals

Contact

Get in touch with the broker you want

Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
Debt Service Coverage Ratio (DSCR)

1.05x

Max Loan Amount

$18,200,000.00

Monthly NOI$121,333.33
Monthly Debt Service$115,036.38
Change in Cash Flow$0.00
Refinance Proceeds$0.00