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Equity Based Services Refinances Texas Facility

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Equity Based Services Inc. (EBS) announced an equity recapitalization of its AMS IV self-storage facility in Austin, Texas. The property was originally financed by a large European Bank and was refinanced with a regional Midwestern lender. The loan is a three-year note with a floating rate based on prime. The starting interest rate is 6 percent, and the loan is interest-only for the first two years and amortizes in the third year. The loan was facilitated through Tavernier Capital Partners. For more information, visit http://www.equitybasedservices.com/.
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