Non-Recourse Construction Loan Northtowne

Reno, NV
89,000 SF

Buchanan Mortgage Holdings, LLC closed a non-recourse construction loan for Northtowne Self-Storage, a five-building, 89,000 SF storage facility in Reno, Nevada. The sponsor’s main objective was to obtain a non-recourse construction facility with an expedited close. Buchanan Mortgage Holdings, LLC structured a construction loan that achieved the borrower’s objectives while maintaining suitable lender protections.