Morgan Stanley Provides $64 Million Refinance For SoCal Self Storage Portfolio In California

A self-storage portfolio comprising five properties has been refinanced, featuring a total square footage of 344,616 and encompassing 3,643 units. The portfolio is located in various markets including Hollywood, Northridge, Pasadena, Rancho Santa Margarita, and Sacramento.

Summary of transaction details:

• Property Type: Self Storage
• Transaction Amount: $64,000,000
• Lender: Morgan Stanley
• Landlord: SoCal Self Storage
• Loan Type: Refinance
• Loan Terms: 10-year, interest-only
• Broker Representatives: Eric Snyder, Kim Bishop, Mason Brusseau & Lauren Maehler - Talonvest Capital

The refinancing arrangement was facilitated by Talonvest Capital, which played a crucial role in securing the loan terms on behalf of SoCal Self Storage. Morgan Stanley is responsible for providing the financing that supports the portfolio's operations amidst prevailing market conditions.