October 18th, 2013: Robb Capital announced today that they have arranged financing in the amount of $8,300,000 for a three property self-storage portfolio, located in Cocoa, Merritt Island and Palm Bay, Florida
-Name: Mr. Stor-It Self Storage Portfolio
-Description: Three (3) property self-storage portfolio
Addresses: 500 Cone Road Merritt Island, FL 32952 – 3332 Bayside Lakes Blvd Palm Bay, FL 32909 – 500 N Cocoa Blvd
Cocoa, FL 32922
-Interest Rate: Fixed At 5.40%
-Amortization: 30 Years
-Loan Amount: $8.3M
-Term: 10 Years, Non recourse with standard carve-outs
-Type of Program: Permanent