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JLL Arranges $15M Construction Financing for Bend Self-Storage Development
JLL has arranged $15.534 million in construction financing for Badger Road, Bend Self Storage, a ground-up self-storage facility located at 20130 Badger Rd. in Bend, Oregon.
JLL worked on behalf of the borrower, Signal Ventures, to secure the loan through Live Oak Bank. The shovel-ready development will deliver 118,800 gross square feet encompassing 92,584 net rentable square feet across 877 climate-controlled units on a strategically positioned 1.87-acre site.
The JLL Capital Markets team was led by Directors Jonah Aelyon, Taylor Gimian and John Williamson. The transaction follows JLL’s National Self Storage team’s facilitation of the site sale, led by Senior Managing Director Brian Somoza and Vice President Adam Roosien.
“Signal Ventures demonstrated impressive foresight in securing this shovel-ready site with prime highway visibility, and this development is strategically positioned to achieve stabilization rapidly while benefiting from Bend’s continuing transformation into a year-round recreation and lifestyle destination,” said Aelyon.
