iStorage

Self-Storage Portfolio
5 Properties located in 3 different states

$8MM Mezzanine Loan

Challenge
Sponsor needed high leverage debt to put in a minimum amount of equity for value add improvements to a self-storage portfolio.

Solution
Washington Square arranged a mezzanine loan, which the Sponsor used for value-add improvements to increase occupancy and grow rents. Loan was amortized with a 50% sweep of cash flow.