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Terrace Capital
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Real Estate Investment Banking
Real Estate Investment Banking

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Terrace Capital - Preferred Equity
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Terrace Capital - Commercial Mortgages
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FOR IMMEDIATE RELEASE

Terrace Capital Announces the Origination of a High Leverage, Interest Only, Self Storage Facility Loan. 

New York, New York – January 20, 2014 - Terrace Capital, a full service real estate investment bank, announces the origination of a $21.5MM mortgage on six self storage facilities located in  Texas.  The high leverage, CMBS financing provided funds for the acquisition of three facilities and refinance/restructuring of debt on three other facilities, owned by the same borrower.  The non recourse mortgage had a 10 year fixed term, several years of interest only, with no personal guarantees.  The financing broke new ground in the CMBS 2.0 market, shattering the previous debt yield record of 8%, with a new one of 7.6%.  

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