REBusinessOnline

Berkadia Arranges $2.5M Acquisition Loan for Self-Storage Facility in Metro Kalamazoo

PORTAGE, MICH. — Berkadia has arranged a $2.5 million acquisition loan for Stowaway Mini Storage in Portage near Kalamazoo. Located at 9879 Portage Road, the 398-unit self-storage facility spans 57,325 square feet. Cutt Ableson and Johnny King of Berkadia arranged the 10-year, fixed-rate loan. CIBC World Markets provided the loan on behalf of the borrower, Crystal View Capital, a private investment firm based in Las Vegas.

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