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Mon, Aug 19
A Compendium of Property & Capital News
Mon
Aug 19
A Compendium of Property & Capital News

Nantucket Self Storage, Flex Loan of $6.6M Arranged by FinanceBoston

July 11, 2019
54 Old South Road, Nantucket MA

BOSTON—FinanceBoston arranged a $6.6 million senior loan secured by Old South Self Storage and a mixed use building. The storage facility was constructed in 2017, and includes two below-grade levels, full climate control and advanced security features.

“This closing was completed by arranging highly competitive terms commensurate with the strength of the asset and it’s rapid stabilization resulting in strong performance“ said Doug Landry, Principal at Boston-based FinanceBoston. “This is the best facility in the market, with the best operator,” Landry added.