Berkadia Finds Financing for Fremont Asset

A self-storage property in the Bay Area was recently financed with the help of Berkadia’s Seattle office.

A self-storage property in Fremont was recently financed with the help of Berkadia’s Seattle office. Louis Weisman, a Berkadia managing director, secured $5.5 million in financing for the Auto Mall Parkway Self Storage on behalf of Hudson Industrial Equities.

Auto Mall Self Storage

Auto Mall Self Storage

Located at 43941 Osgood Road, the 17-year-old property consists of three two-story self-storage facilities offering 683 units that are 98 percent occupied.

Weisman arranged a 10-year, fixed-rate loan that features a 4.4 percent interest rate, 60 percent loan-to-value and a 30-year amortization schedule.