Updated Jul 2, 2026
$10,115,000 Construction Loan Secured By PSG For Self Storage In Mill Creek WA
$10,115,000
Building Size
—
Asset Type
Self Storage
Closing
Jun 10, 2026
About this deal
AI
The asset involved in this transaction is a self-storage facility located in Mill Creek, WA. The total loan amount associated with this property is $10,115,000, secured through a construction loan to support its development.
Summary of transaction details:
- Property Type: Self Storage
- Transaction Amount: $10,115,000
- Lender: PSG
- Landlord's Representative: Morris Betesh, Morris Dabbah & Zachary Strauss - Arrow Real Estate Advisors
- Loan Type: Construction
Key individuals involved in this transaction include Morris Betesh, Morris Dabbah, and Zachary Strauss, who represent the landlord through their roles at Arrow Real Estate Advisors, facilitating the loan agreement with PSG.
Players
Market 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
1.57%
Cash-on-Cash
-0.45%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93