Madison Capital Group Secures $13.67M Construction Loan For Self Storage Development In Paramount, CA

Byline Bank has provided a $13.67 million construction loan to Madison Capital Group for the development of an 845-unit self-storage property in Paramount, California. The project, managed by Madison Capital Partners' self-storage brand Go Store It, involves demolishing an existing industrial property on the site.

Summary of transaction details

• Property Type: Self Storage
• Transaction Amount: $13,670,000
• Lender: Byline Bank's Commercial Real Estate - John M. Barkidjija, Joanne Campanile, Sam Duros
• Landlord: Eric Lentz-Madison Capital Group
• Brokers: Eric Snyder, Kim Bishop & Ivan Viramontes - The Talonvest Capital

The construction loan was provided by Byline Bank, with John M. Barkidjija, Joanne Campanile, and Sam Duros from Byline Bank's Commercial Real Estate division handling the transaction. Eric Lentz, representing Madison Capital Group, is the landlord for the project. The brokering services were performed by Eric Snyder, Kim Bishop, and Ivan Viramontes from The Talonvest Capital.