Tremont Realty Capital provided refinancing for a newly delivered self-storage facility that was actively leasing up at the time of closing. Recognizing the property's strong fundamentals and stabilization potential, Tremont structured a loan that accommodated the asset's ramp-up period while providing the sponsor with the flexibility needed to execute its business plan.
The transaction highlights Tremont's expertise in financing newly developed assets prior to achieving stabilized occupancy, including the ability to underwrite future performance and deliver capital early in an asset's operating lifecycle. A term sheet was issued at certificate of occupancy, and financing was funded during lease-up with a customized repayment structure tailored to the property's expected growth.
The financing was arranged by JLL, reinforcing Tremont's longstanding relationships with leading brokerage firms.