Gantry Arranges $18.9 Million Loan For Self Storage Portfolio In Los Angeles And Milpitas

A loan of $18,900,000 was arranged for three Saf Keep self-storage facilities in California, which encompass a total of 2,654 units. The properties are located at Saf Keep Storage, 4996 Melrose Avenue, and are situated in the Los Angeles and Milpitas markets. The financing includes 10-year loans featuring 30-year amortization terms and is secured through a life company lender.

Summary of transaction details:

• Property Type: Self Storage
• Transaction Amount: $18,900,000
• Units: 2,654
• Loan Terms: 10-year, 30-year amortization
• Address: Self Storage Portfolio, including Saf Keep Storage at 4996 Melrose Avenue
• Market: Los Angeles & Milpitas
• Broker Representatives: Erinn Cooke & Tom Dao - Gantry

Gantry was responsible for arranging the permanent financing, which includes nonrecourse terms and competitive rates for the properties involved in this transaction. The deal highlights the notable role of Erinn Cooke and Tom Dao in representing the lending and financing aspect of the transaction.