Gantry Secures $14 Million Loan For Websco Properties' 827-Unit Self Storage In Tustin

The asset involved in this transaction is a self-storage facility located at 2681 Walnut Avenue in Tustin, CA. This property features a total of 827 units and is classified as AAA Quality. The transaction included a loan amount of $14,000,000 with a term of 10 years, structured as interest-only payments.

Summary of transaction details:

• Property Type: Self Storage
• Transaction Amount: $14,000,000
• Units: 827
• Address: 2681 Walnut Avenue
• Market: Tustin
• Loan Terms: 10-year, interest-only
• Landlord: Ben Wells - Websco Properties
• Brokerage: Austin Ridge, Peter Welsh & Braden Turnbull - Gantry

The deal included key participants such as Ben Wells representing Websco Properties, which owns the facility. The brokers involved in securing the loan were Austin Ridge, Peter Welsh, and Braden Turnbull from Gantry, who facilitated the refinancing of the stabilized asset to align with the borrower’s long-term hold strategy.