BOSTON, MA (January 26, 2017) – Boston Realty Advisors Capital Markets has secured senior debt financing for Longwood Storage, a 33,767-square-foot, self-storage facility located in Brookline, MA.
Nicholas Herz, Managing Director and Partner, who arranged the $3,870,000 loan on behalf of the ownership said, “Lender demand for established storage facilities is exceptionally strong, which allowed us to drive pricing and terms throughout our process.”
Longwood Storage is the oldest full-service self-storage property in Brookline. The six-floor facility offers a high-capacity elevator, updated fire and life safety systems, and new and renovated units that range in size from 25 to 300 square feet. Longwood Storage benefits from strong submarket demographics and caters to both business and residential clientele.Tags: Capital Markets, Financing, Longwood Storage