William Warren Hobin Of The William Warren Group Secures $42.6 Million Loan For Self Storage Properties

The transaction involves three Class A self-storage properties located in Hawthorne, CA; Waipahu, HI; and Denver, CO. The properties are part of a financing package totaling $42.6 million, with a five-year full-term interest-only loan of $25.0 million secured for a 1,261-unit, 113.7k-sf facility in Hawthorne. Additionally, $17.6 million in CMBS financing has been arranged, consisting of $9.0 million in Waipahu and $8.6 million in Denver, structured as 10-year, non-recourse, interest-only loans.

Summary of transaction details:

• Property Type: Self Storage
• Transaction Amount: $42,600,000
• Lender: MetLife & Barclays
• Landlord: William Warren Hobin - The William Warren Group
• Brokers: Eric Snyder, Kim Bishop, Lauren Maehler & Will Hainlen - Talonvest Capital

The William Warren Group is represented by William Warren Hobin in this secured financing deal, facilitated by Talonvest Capital, which orchestrated the loans for the self-storage assets across the specified markets.