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1934 West 200 North

Hometown Storage Secures $18 Million Refinance Loan Through Ben Kadish & Dylan Batman In Indiana
FINANCEDSelf Storage

Hometown Storage Secures $18 Million Refinance Loan Through Ben Kadish & Dylan Batman In Indiana

1934 West 200 North, 4701 Hamburg Pike, 1330 Morton Avenue, 3525 Grant Line Road, 4590 Indiana Highway 13, 145 West Joseph Street, 1515 North Gardner Street & 595 Bryan Avenue

$18,000,000

Building Size

Asset Type

Self Storage

Closing

Feb 24, 2026

AI

The transaction involved multiple self-storage assets located at various addresses including 1934 West 200 North, 4701 Hamburg Pike, 1330 Morton Avenue, 3525 Grant Line Road, 4590 Indiana Highway 13, 145 West Joseph Street, 1515 North Gardner Street, and 595 Bryan Avenue within the markets of Angola, Jeffersonville, Martinsville, New Albany, Leesburg, Salem, Scottsburg, and Wabash, IN. The refinancing deal was valued at $18,000,000 with a loan term extending over 10 years.

Summary of transaction details:

  • Property Type: Self Storage
  • Transaction Amount: $18,000,000
  • Loan Type: Refinance
  • Loan Terms: 10 years
  • Landlord: Hometown Storage
  • Broker Representatives: Ben Kadish & Dylan Batman - Maverick Commercial Mortgage

The brokers involved in this transaction, Ben Kadish and Dylan Batman, represented Hometown Storage in securing the refinancing loan. Their collaboration facilitated the successful handling of the financial aspects associated with the self-storage properties across the specified markets.

Players

Ben Kadish

Maverick Commercial Mortgage

Broker

$131.7M

vol

9 deals

Broker

Angola Self Storage Market Snapshot

Boundary boundary · Self Storage · Loan transactions

Loading comparables…

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

0.88%

Cash-on-Cash

-0.25%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93