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

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:

• Property Type: Self Storage
• Transaction Amount: $18,200,000
• Address: 14876 Raymer Street
• Market: Van Nuys
• Asset Size (SF): 65,220
• Lender: Larry Grantham, Zach Novatt & Ryan Morrell - Calmwater Capital
• Landlord: Christ Tourtelotte & Bryan Miranda - LaTerra Development
• Brokers: Stephen Van Leer, John Williamson, Brian Somoza & Chad Morgan - JLL
• Loan Type: Construction

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.