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
Angola Self Storage Market Snapshot
Boundary boundary · Self Storage · Loan transactions
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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