CINCINNATI, OHIO (July 11, 2022) – Noah Juran, managing director, and Christina Grimme, vice president, arranged the $5,922,000 acquisition loan for Affordable RV Storage. The 971-space RV storage property is located at 1492 County Road 11 in Erie, Colorado within the Denver MSA.
The non-recourse loan was structured on an 8-year term with 3-years of interest-only which will provide the borrower time to complete their value creation plan within the first few years of ownership. Additional features on the loan included a flexible prepayment structure, future funding availability, and the lender held the interest rate during a rising rate environment.
Each space within the 30-acre property includes pull-through capabilities allowing for convenient parking on site. Affordable RV Storage is a family-owned business and has been serving customers in the greater Denver MSA for over two decades.