COMMERCIAL REAL ESTATE
Self Storage Specialists
REAL ESTATE FINANCIAL SERVICES
Experience. Expertise. Proven Results
At the BSC Group, we understand that every property presents different challenges, every client brings with them a unique situation, and that the financial markets are always changing. That's why we approach every deal with a fresh eye, making sure we provide the best solution every time.
Market Leading Executions
The BSC Group recently closed a $6.3M fixed rate permanent loan for an Arizona based sponsor. The loan proceeds were used to refinance a newly developed, multi-story self-storage facility in suburban Phoenix. The new loan retired the developer’s construction debt and provided a fixed interest rate under 3% for 10 years, with interest only amortization for the entire term of the loan. The non-recourse loan was closed in a small balance loan program that provided streamlined processing and low closing costs to the borrower.
21ST CENTURY STORAGE
Long Island City, NY
The BSC Group recently closed a $17.5MM non-recourse bridge loan for a Colorado based sponsor. The 65% LTC, sub 6% debt yield financing was used to purchase an existing self storage facility in the NYC MSA and provided significant funds for capital improvements to transform the property into an class A facility. The lender, a national insurance company, offered a 5 year fixed rate loan, with flexible prepayment and an interest rate of approximately 3.75%.
5 PROPERTY PORTFOLIO
The BSC Group recently closed a $32.6M fixed rate permanent loan for an Illinois based institutional sponsor. The loan proceeds were used to refinance a 5 property, multi-state self-storage portfolio consisting of more than 407,000rentable square feet and 3,200 units in 3 separate states. The new loan was underwritten at 60% LTV and a 10 year fixed rate term, with an interest rate of 2.89%. The non-recourse loan features 60 months of interest only payments followed by a 30 year amortization schedule.
Don't take just our word for it...read what our clients say about us. Their words speak volumes!
Even for experienced borrowers the CMBS loan process can be complicated and time consuming, but The BSC Group continues to impress me with their knowledge of the market and ability to navigate the process in straightforward fashion.
Metro Storage USA
I wanted to reach out and thank you and your team for your work on the 2 recent self-storage refinances you handled for me. I felt that there was great value in your presentation of the property to the lenders, navigating the nuances of each deal, negotiating great terms and reasonable fees, and pushing through the complexities of the documentation side to get the deals done.
The BSC Group took the time to understand my business model and my requirements. With this knowledge they put together a proposal that generated several loan offers, which were heads and shoulders better than anything I had received from local banks.