PSRS Secures $4.2M Loan For Self Storage Property On Church Ranch Blvd

The property at 8390 Church Ranch BLVD in Broomfield, with 663 self-storage units, climate control, high ceilings, electronic gate access, and individually alarmed units, has secured a $4.2 million refinancing deal through a correspondent life insurance company. The loan features a 30-year amortization period and flexible prepayment terms, with details arranged by Kostas Kavayiotidis and Nicholas Drohan of PSRS, Pacific Southwest Realty Services.

Summary of transaction details:

• Property Type: Self Storage
• Transaction Amount: $4,200,000.00
• Market: Broomfield
• Borrower's Rep: Kostas Kavayiotidis(PSRS- Pacific Southwest Realty Services), Nicholas Drohan(PSRS)
• Lender: Unknown Correspondent life insurance company

The borrower involved in the refinancing deal for Church Ranch Self-Storage in Westminster remains undisclosed. Kostas Kavayiotidis and Nicholas Drohan, representing PSRS, facilitated the long-term, non-recourse loan, providing the borrower with advantageous terms for this self-storage asset in Broomfield. The correspondent life insurance company played a pivotal role in structuring the financing arrangement for this transaction.