$11,300,000 CubeSmart – Another Non-Recourse Construction Loan! – Margate, FL

$11,300,000

Libor Floater

3 year term with 2 one year extension options

Non-Recourse Construction Loan

 

A ground up construction loan, non-recourse from the start.

Only a completion guarantee was required. Minimal risk as contractors are bonded.

Construction to start immediately, with completion within 14 months. Remainder of loan term to be for stabilization.

Closed by: Zach Nimhauser & Michael Brown

zn@banyancc.com

mb@banyancc.com

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