Dino Tomassetti Jr. Secures $20.5M Construction Loan For Self Storage In Linden

The property asset involved in this transaction is a self-storage facility located at 600 West Edgar Road, Linden, with a total square footage of 164,205. The loan amount secured for this property is $20,500,000, under a construction loan type featuring terms of Prime + .25% with a 5% floor.

Summary of transaction details:

• Property Type: Self Storage
• Transaction Amount: $20,500,000
• Loan Type: Construction
• Loan Terms: Prime + .25% with 5% floor
• Address: 600 West Edgar Road
• Market: Linden
• Borrower: Dino Tomassetti Jr.
• Landlord's Rep: Kathy Anderson & Caillin Boles - EDSF Group | CRE Loans - Cushman & Wakefield

The key individuals in this transaction include borrower Dino Tomassetti Jr., along with landlord representatives Kathy Anderson and Caillin Boles, who are affiliated with EDSF Group and Cushman & Wakefield. Their roles were crucial in facilitating this construction loan for the self-storage asset.