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Low Rate Refinance for Houston Self Storage Property

Cash-out refinancing for a self-storage property in north Houston was provided by Q10 KDH Vice President, Larry Peters. The asset contains 155 units located on just over an acre of land.

Larry Peters arranged the financing for his repeat client through a local Texas bank. The loan provided cash-out refinancing with a five year term and a low interest rate in the mid 3% range.

“The repeat borrower for this transaction has a relationship with KDH spanning over 20 years. We were able to establish a new lender relationship for the borrower that provided a more advantageous term and rate than what they could have secured on their own. At the end of the day it opened new doors between the parties and our borrower was able to receive a highly competitive deal by being open to the opportunity.” – Larry Peters