Walker & Dunlop Arranges $3.5M Loan for Self Storage Property in Broward County
POMPANO BEACH, FLA. — Walker & Dunlop Inc. has arranged the $3.5 million refinancing of Fort Knox Self Storage, a single-story, 833-unit self storage facility in Pompano Beach. Built in 1975, the property features an onsite U-Haul truck rental, electronic gate access and moving and packing supplies. The borrower has owned the property since 2002 and changed management in 2012. The facility was 87 percent occupied at the time of sale. Paul Ahmed led Walker & Dunlop’s team in arranging the five-year loan with a 30-year amortization schedule.