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Burlington Self Storage Secures $8M In Financing

Nov 18, 2010 | Reprints | Unlock Link | Print

Burlington Self Storage, 35 Ray Ave., Burlington BSS Properties Inc. has secured $8.08 million in permanent financing from Boston’s Fantini & Gorga (F&G) for its Burlington Self Storage property located at 35 Ray Ave. in Burlington.

The Ray Avenue property consists of five buildings, 816 units and more than 88,000 square feet, according to a statement.

"The lender, a financial institution based in Greater Boston, responded quickly with a very well priced and structured bid after its initial inspection," said F&G Managing Director Casimir Groblewski. "The lender was familiar with the property, understood the industry and it recognized the management expertise and experience of the borrower."

Banking & Lending