Storage Choice refinanced three of its self-storage facilities, totaling 1,670 units, for $9.2 million. The fixed-rate securitized loan is with JPMorgan Chase Bank.
The three properties are Storage Choice West Airport in Houston with 647 units; Storage Choice Mira Vista in Fort Worth with 547 units; and Storage Choice Dickinson in Dickinson with 476 units.
Colby Mueck, associate director of the Houston office of HFF (Holliday Fenoglio Fowler L.P.) arranged the refinancing.
Storage Choice is a Texas-based operator of self-storage facilities with a portfolio consisting of more than 5,500 units.
HFF has 17 offices nationwide, providing commercial real estate and capital markets services to the U.S. commercial real estate industry.