Gantry Secures $17.25 Million Loan For Self Storage Properties In Greater Nashville Area

The recapitalization involved three Storelocal self-storage properties located at 500 Downs Boulevard, 1724 Nashville Pike, and 1024 Parkway Drive in the greater Nashville area, specifically targeting the Franklin, Gallatin, and Spring Hill markets. The total loan amount secured for these properties was $17,250,000 and it was structured as a four-year, fixed-rate loan with an interest-only payment period.

Summary of transaction details:

• Property Type: Self Storage
• Transaction Amount: $17,250,000
• Loan Type: Recapitalization
• Loan Terms: four-year, fixed rate loan
• Market: Franklin, Gallatin & Spring Hill, TN

The transaction was facilitated by Andy Bratt, Amit Tyagi, and Nick Severson from Gantry, acting as the representatives in securing the financing provided by an insurance lender. Their efforts led to stabilizing debt across the self-storage facilities in the region.