TRANSACTION OVERVIEW
Foss provided capital advisory and underwriting support in connection with the capitalization of a newly delivered self-storage facility within FUTURA at Nona Cove, a 17-acre master-planned development in Orlando, Florida.
The engagement included advising on a $23,000,000 bridge loan to finance lease-up and stabilization of the asset following completion. The team supported underwriting, business plan evaluation, and lender positioning to secure an efficient capital solution aligned with the sponsor’s operating strategy.
Foss continues to support the sponsor through asset management, including preparation for a potential refinancing upon stabilization.
KEY FEATURES
$23.0M bridge loan to support lease-up and stabilization
~90,000 SF Class A self-storage facility
Located within a 17-acre master-planned development
Full underwriting and capital advisory support through execution
Ongoing asset management and refinancing strategy support
PROPERTY DETAILS
STORAGE SQUARE FEET: ~ 90,000 sq.ft
LOAN TYPE: BRIDGE LOAN