The BSC Group is staying busy in 2018, closing acquisition, refinance and construction loans for self storage borrowers across the country. The firm recently arranged a $23.5 million CMBS loan on a two-property portfolio in New Orleans, LA for a regional sponsor. The 65% LTV loan included a significant cash out component and featured interest-only amortization for the entire ten-year term. The firm also closed a $4.1 million, five-year term loan with a 30-year amortization for a local sponsor in Connecticut. The refinance loan included a future funding component that can be earned-out and used for future expansion. Notably, this loan was placed in a capital markets small balance lending program, which offers fixed legal and streamlined closing costs, thereby enabling the client to obtain all of the benefits of a CMBS execution with transaction costs that were commensurate with the deal size. Finally, the firm closed a $5.5 million loan in Georgia for an East Coast borrower; the 75% LTV loan featured a ten-year fixed rate term and was aggressively underwritten with a 36 month interest-only period, despite being full leverage. Year to date 2018, The BSC Group has closed over 40 loans totaling more than $275 million in volume for their borrowers with properties in 20+ states.