Nadeau Storage

110,000 SF, Huntington Park, CA

Buchanan Mortgage Holdings, LLC provided a $17.3 million, non-recourse construction loan for the development of a 110,000 SF self-storage facility situated on 2 acres in Huntington Park, California. Upon completion, the two-story project will include 1,550 climate controlled self-storage units. Buchanan Mortgage Holdings, LLC was able to structure a non-recourse stretch-senior construction loan that included a land draw at acquisition in addition to holdbacks for the demolition, grading and vertical components of the project.