La Quinta Self-Storage

90,000 SF Self-Storage Facility
La Quinta, CA

Buchanan Mortgage Holdings, LLC provided an $11.75 million, non-recourse construction loan for the construction of a 90,000 SF, 816-unit climate-controlled self-storage facility in La Quinta, California. Buchanan Mortgage Holdings, LLC identified this unique opportunity to finance the conversion of a vacant retail box into a state-of-the-art self-storage facility that is located in a supply-constrained market and will be managed by a premier national operator upon completion.