Herz of Boston Realty Advisors arranges $3.87 million financing for Longwood Storage

Nick Herz, Boston Realty Advisors

Brookline, MA Boston Realty Advisors Capital Markets has secured senior debt financing for Longwood Storage, a 33,767 s/f self-storage facility.

Nicholas Herz, managing director and partner, who arranged the $3.87 million loan on behalf of the ownership said, “Lender demand for established storage facilities is exceptionally strong, which allowed us to drive pricing and terms throughout our process.”

Longwood Storage is one of the oldest full-service self-storage properties in the area. The six-floor facility offers a high-capacity elevator, updated fire and life safety systems, and new and renovated units that range in size from 25 to 300 s/f. Longwood Storage benefits from strong submarket demographics and caters to both business and residential clientele.

Boston Realty Advisors is a Boston-based, privately held commercial real estate brokerage firm. Their full-service platform includes capital markets, tenant and landlord representation, and property consulting.

Tags: Finance

Reprint

Previous Story Next Story

Kozlowski of Newmark Capital Markets secures $115.6 million financing for two properties in CT

East Lyme, CT Newmark has arranged $115.6 million in financing on behalf of the sponsor to refinance The Cove at Gateway Commons and Sound at Gateway Commons. Newmark Capital Markets Strategies managing director Avi Kozlowski secured the financing through Freddie Mac.

C-Lounge Capital provides $18m equity investment for $40m acquisition of Fountains of Boca Raton by Interface Properties

C-Lounge Capital provides $18m equity for $40m acquisition

Funding your project: Available, but expensive, in many ways - by Daniel Calano

Spring at RE&FA: Industry insights, discussions & events

For Global Accessibility Awareness Day, Beacon Bank announces free support for visually impaired users at all branches

Beacon Bank offers free support for visually impaired users at all branches

READ ON THE GO

DIGITAL EDITIONS

Browse Now

Quick Hits

Owners Developers & Managers

Mayor Smiley, Providence City Council advance $8.8 million federal housing and community investment package

Columns and Thought Leadership

Massachusetts real estate transfers over $1 million face new tax rules as of November 1st - by Daniel Meyer

Attention to owners of real estate in the Commonwealth (and the title companies and other professionals who advise them), the Massachusetts Department of Revenue (the “DOR”) recently adopted a new “millionaire’s tax” via 830 CMR 62B.2.4

The focus on price per s/f compared to the comparable sales used in the appraisal report - by Dennis Chanski

Over the past several weeks, I have completed appraisal assignments for private clients. Interestingly, after submitting these appraisals, I received several phone calls – not to question the value, content, or any incorrect information, but rather to discuss the price per s/f compared to the comparable sales used in the report.

Reverse exchanges and the challenges of a competitive real estate market - by Michele Fitzpatrick

Our current, highly competitive real estate market poses specific challenges for investors who are considering taking advantage of a tax-deferred 1031 exchange. In this market, investors will have no problem selling their current property if priced properly, but they may find it difficult to find a suitable replacement property

Are appraisers on the same page as the assessor? - by Richard Seman

The purpose of this article is to address problematic or confusing issues which may help assessors and appraisers to better understand how to value real estate for tax assessment purposes.