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Featured Deal of the Month: August 2017

Posted: 7/20/2017
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The BSC Group recently closed a $5.75 million CMBS loan that was used to refinance maturing debt on a self storage property in Alabama. The new non-recourse loan featured a ten-year term with a 30-year amortization and a low fixed interest rate of 4.52%. The loan was closed exactly as applied for with zero changes between application and funding. This transaction provided the borrower with a "cash out" of over $2 million on a tax free basis, which will be used for future acquisitions.

 

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