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Gantry Arranges $7M Loan For Epic Storage @ Ann Road In Las Vegas
FINANCED
$7,000,000
Nevada
See Similar DealsSelf Storage
Financed 03/13/2024
FINANCED
Gantry Arranges $7M Loan For Epic Storage @ Ann Road In Las Vegas
10490 West Hammer Lane
See Similar DealsSelf Storage
Financed 03/13/2024
Summary
NEVADA
Asset Type:Self Storage
Transaction Type:Loan
The property asset involved is Epic Storage @ Ann Road, a self-storage facility located at 10490 Hammer Lane in Las Vegas, NV. The facility comprises 681 self-storage units along with 46 RV parking spaces. Gantry has closed a $7 million permanent loan for this property to pay off construction financing.
Summary of transaction details:
- Property Type: Self Storage
- Transaction Amount: $7,000,000
- Address: 10490 West Hammer Lane
- Market: Las Vegas, NV
- Units: 681
- Broker: Chris Funai - Gantry
- Loan Terms: 10-year loan
Gantry played a key role in finalizing the $7 million permanent loan for Epic Storage @ Ann Road. Chris Funai from Gantry represented the deal. The loan was specifically secured to pay off the construction financing for this self-storage facility in Las Vegas, highlighting the collaborative effort behind the financial transaction.
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$7,000,000.00
Monthly NOI$46,666.67
Monthly Debt Service$44,244.76
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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