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TIAA Provides $4M Refinance Loan For Self-Storage Property In Riverview

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FINANCED
$4,000,000

Florida

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Industrial63,112 SF
Financed 02/16/2023
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Property Image
FINANCED

TIAA Provides $4M Refinance Loan For Self-Storage Property In Riverview

7201 Us Route 301

See Similar Deals
Industrial63,112 SF
Financed 02/16/2023
the dealplayerscompscontact
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Summary

FLORIDA
Asset Type:Industrial
Price Per Square Foot:$63
Total Square Footage:63,112 SF
Transaction Type:Loan

The asset involved in this transaction is a self-storage facility located at 7201 Us Route 301 in the Riverview market. It spans a square footage of 63,112 and is part of a refinancing deal valued at $4,000,000.

Summary of transaction details:

  • Property Type: Self-Storage
  • Transaction Amount: $4,000,000
  • Lender: TIAA
  • Landlord: Timberline Capital
  • Representative: Travis Winston
  • Loan Type: Refinance

This refinancing transaction showcases the role of Travis Winston, representing Timberline Capital in this deal, facilitating the interaction between the lender, TIAA, and the landlord to secure the refinancing needed for the property.

Players

TIAA
TIAA
LENDER

Details

FINANCED
IMAGE: Travis Winston DATE: 02/16/2023 ADDRESS: 7201 Us Route 301 MARKET: Riverview ASSET TYPE: Self-Storage ~ SF: 63,112 LENDER: TIAA (@TIAA) LANDLORD: Timberline Capital - Travis Winston (@Traviswinston_) LOAN AMOUNT: $4,000,000 LOAN TYPE: Refinance

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Deal Type
Debt Service Coverage Ratio (DSCR)

1.05x

Max Loan Amount

$4,000,000.00

Monthly NOI$26,666.67
Monthly Debt Service$25,282.72
Change in Cash Flow$0.00
Refinance Proceeds$0.00