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1/05/26
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A new Extra Storage Space facility in Los Banos has been refinanced with a $10.3 mil permanent loan, taking out the construction loan debt on the project. The modern, climate-controlled facility also offers vehicle storage.
Los Banos is a fast-growing commuter and agri-business community strategically located on the I-5 in California’s Central Valley.
Gantry’s Tom Dao and Erinn Cooke arranged the six-year loan on behalf of a private real estate investor. The loan was funded through a life company lender experienced in underwriting self-storage assets and features an attractive fixed rate with mid-term reset.
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