Knightsbridge arranged a permanent loan to refinance a mature self storage property.

• 1,103 self-storage units in nine 2-story buildings
• Property built in 1981
• Chula Vista, California
• Lender locked rate for 60 days without any spread premium to do so.
• Knightsbridge negotiated a very flexible prepayment provision to allow for the refinance of the property if rates drop in the future.
• Loan is interest-only for the entire 10-year term.
• Carve-out guarantees were provided by a fund entity with limited financial strength, not a “warm body”.