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  • Portfolio of three self-storage properties
  • Large cash-out refinance of owned assets
  • 89.2% average combined occupancy at closing
  • One of the facilities is in a rural resort area
  • Two of the facilities are in well-populated areas that have good demand for self-storage
  • Sponsor has over 40 years' experience in this asset class
  • Long-term ownership of two of the assets
  • All properties show operational improvement since borrower acquisition
  • Non-recourse
  • 10-year term
  • Loan will remain on A10's balance sheet and serviced in-house