Self Storage
Lido Capital recently closed a Class A Self-Storage facility in Salt Lake City at the following terms:
- $6,350,000
- Facility recently stabilized and sized to a T-3
- Full Term Interest Only
- Earnout
- Closed in 30 Day
Industrial
Lido Capital recently closed an Industrial facility in Irvine, CA at the following terms:
- $4,500,000
- Interest only payments for 36 months
- Non-recourse permanent financing
- No ongoing reserves (tax, insurance, replacement reserves)
- Long term fixed interest rate
- Loan proceeds based on T1 underwriting
- Initial coverage of 1.10x based on 30yr Amort
- Process began during COVID and closed per term sheet