Nadeau Storage

110,000 SF, Huntington Park, CA

Buchanan Mortgage Holdings, LLC provided a $17.3 million construction loan for the development of Nadeau Self Storage, a 110,000 SF self-storage development in Huntington Park, CA. The project site totals 2 acres and will include 1,550 climate controlled self-storage units situated within a single two-story building plus a cellar. Buchanan was able to structure a stretch-senior construction loan, which included a land draw at acquisition and holdbacks for the demolition, grading and vertical components of the project.