Storage Facility Secondary Debt

Park 49 recently completed the financing of a storage facility acquisition and conversion located in the Chicago area.

Property Details

Single retail structure with additional buildable square footage.

Loan Details

Our client was seeking secondary financing for the purchase of a vacant “Big Box” retail property and subsequent conversion to a self-storage facility. 

  • We facilitated the successful financing of a commercial acquisition and conversion.
  • We were able to source preferred equity for the client from an institutional capital source.

Our goal is to provide our commercial real estate clients with alternative financing solutions to address their specific needs. If you have a financing inquiry, feel free to reach out to see how we might be able to assist.