July 3, 2017

Salt Lake City office arranges $4.37 million in SBA construction financing for a climatized self-storage facility in Heber, Utah

Climatized Self-Storage Facility

Debt & Equity

Multi-Tenant

SALT LAKE CITY (July 3, 2017) Salt Lake City’s production team arranged financing of $4,370,000 for Midway Storage, a climatized self-storage property located in Heber, Utah. The transaction was structured with a 25-year term on a 25-year amortization schedule. Salt Lake City arranged SBA financing for the borrower through its relationship with a regional bank. “Loan proceeds were a critical factor in the success of this project and we were able to secure an 85 percent loan to cost for our client,” said Pinnock.

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