Lone Star Self Storage in Mesquite, Texas, recently received a $1.145 million loan from StanCorp Mortgage Investors LLC.
Financing was based on a 25-year term with a 25-year amortization schedule. The facility, located at 1403 Tripp Road, has 45,000 square feet and 360 units.
Bart Dickinson, vice president of NorthMarq Capital's Dallas regional office, arranged the first mortgage financing.
