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6/04/25
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In recent self-storage financing activity, three separately-owned California facilities were refinanced in deals totaling $31.76 mil. All of the transactions were arranged by Gantry.
The most recent loan provided $9.76 mil to refinance an 829-unit facility managed by ExtraSpace and located at 224 N A St in Lompoc, a Central Coast community in Santa Barbara County. The second loan provided $10 mil to refinance the 654-unit StoreLocal Oakley facility located at 4700 Main St in Oakley, an eastern Bay Area suburb in Contra Costa County. The third loan provided $12 mil to refinance a 1,124-unit SAF Keep Oakland facility, located at 655 3rd St in Oakland. These facilities are all operating at fully stabilized conditions with experienced sponsorship and management in place.
Gantry’s Tom Dao and Erinn Cooke represented the borrowers, separate private real estate investors. The permanent, fixed rate loans were secured via individual lenders, including two life company correspondents and an institutional balance sheet lender.
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