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Gantry has secured $40 million of financing to acquire four self storage facilities as the upleg for a strategic 1031 exchange

Gantry Secures $40 Million of Acquisition Financing for Multi-State Self Storage Portfolio

Gantry has secured $40 million of financing to acquire four self storage facilities as the upleg for a strategic 1031 exchange. The portfolio includes three Storelocal Self Storage locations in Tennessee and a U.S. Storage Center in Florida. The assets comprise a total of 286,000 rentable square feet. The assets were assembled in a series of individual acquisitions requiring unique loans in both permanent, bridge and hybrid structures to optimize each financing.

Gantry’s Andy Bratt and Amit Tyagi secured the loans on behalf of the borrower, a multi-generational private family. All four fixed rate loans were secured from Gantry’s roster of correspondent life company lenders. Two of the loans were for permanent loans of 7- and 12-years, each with significant interest only periods. Two of the loans were bridge loans, also done through a correspondent life insurance company, featuring extension options and an interest only period. 


Inside The Story

About Angela Noote

Angela Noote is a native of Northern California and graduated from Chico State with a degree in public relations. After college she moved to the Central Coast and worked first in ad sales then in editorial, eventually spending more than a decade as a print reporter and editor. She detoured into design work at a printer/publisher, and with a partner eventually opened a boutique full-service marketing agency. Moving into corporate communications, she built and managed several successful marketing teams in the hospitality, financial services, and nonprofit industries. Most recently she was an internal comms manager in the tech sector. After a long stint spent in Georgia (Go Dawgs), she moved to Baton Rouge, LA and has written for clients in the financial, luxury imports, higher ed, commercial cleaning, and medical equipment industries. Her son is a media arts major at the University of South Carolina, and her husband owns a comedy theater in Baton Rouge, where you can often find Angi teaching improv classes, leading corporate training events, or doing an occasional stand up set.

  • ◦Sale/Acquisition
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