Inner Circle Capital Advisors recently arranged refinancing for an outdoor storage and truck parking property in Grand Junction, Colorado.
The property presented a unique financing challenge because there are no vertical improvements on-site, requiring the lender to underwrite primarily to the operational cash flow generated by the business rather than traditional real estate improvements.
Financing highlights:
• 6.40% fixed interest rate
• 5-year term
• No prepayment penalty
• Underwritten based on operating income from the truck parking/storage business
As industrial outdoor storage continues to gain institutional attention, lenders are becoming more comfortable with well-operated IOS assets that demonstrate stable cash flow and strong demand fundamentals.
Capital Advisor: Jaideep Chadha
