REBusinessOnline

AZTEC GROUP SECURES $8M FOR SELF STORAGE PROPERTY

MANASSAS, VA. — Aztec Group Inc. has secured $8 million in financing for Self Storage Plus Manassas, a 697-unit, 73,400-square-foot self storage facility in Manassas. The property, built in 2008, is located at 11840 Sudley Manor Drive. Charles Penan and Howard Taft arranged the 10-year loan with a fixed 5.15 interest rate through Goldman Sachs on behalf of the borrower, a self storage developer, owner and operator based in Washington, D.C. The loan features a 30-year amortization schedule.

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