Florida Self Storage Acquisition Financing
Vero Beach, FL
- Loan Type: Acquisition Financing
- Property: 89% occupied, 17,675 SF self storage building comprised of 199 units.
- Scenario: Trevian’s loan funded the acquisition of the property, capitalized the cost of renovations, and provided runway to carry the property through stabilization.
- Result: Trevian provides bridge loans on value-add real estate that where deferred maintenance needs to be cured and the property and tenant base repositioned and stabilized.