{"id":1004267318,"date":"2018-09-26T00:42:37","date_gmt":"2018-09-26T08:42:37","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004267318"},"modified":"2022-12-08T17:45:35","modified_gmt":"2022-12-09T01:45:35","slug":"miami-storage-facility-lands-10m-construction-loan","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/miami-storage-facility-lands-10m-construction-loan\/","title":{"rendered":"Miami Storage Facility Lands $10M Construction Loan"},"content":{"rendered":"<p>By Evelyn Jozsa<\/p>\n<div id=\"attachment_1004267321\" style=\"width: 310px\" class=\"wp-caption alignright\"><a href=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/09\/SpareSpace-Storage.jpg\" target=\"_blank\" rel=\"noopener\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-1004267321\" data-attachment-id=\"1004267321\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/miami-storage-facility-lands-10m-construction-loan\/sparespace-storage\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/09\/SpareSpace-Storage-e1537948632607.jpg\" data-orig-size=\"2000,1500\" data-comments-opened=\"0\" data-image-meta=\"{&quot;aperture&quot;:&quot;0&quot;,&quot;credit&quot;:&quot;&quot;,&quot;camera&quot;:&quot;&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;0&quot;,&quot;copyright&quot;:&quot;&quot;,&quot;focal_length&quot;:&quot;0&quot;,&quot;iso&quot;:&quot;0&quot;,&quot;shutter_speed&quot;:&quot;0&quot;,&quot;title&quot;:&quot;&quot;,&quot;orientation&quot;:&quot;1&quot;}\" data-image-title=\"SpareSpace Storage\" data-image-description=\"\" data-image-caption=\"&lt;p&gt;SpareSpace Storage&lt;\/p&gt;\n\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/09\/SpareSpace-Storage-e1537948632607.jpg?w=1024\" class=\"wp-image-1004267321 size-medium\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/09\/SpareSpace-Storage.jpg\" alt=\"SpareSpace Storage\" width=\"300\" height=\"225\"><\/a><p id=\"caption-attachment-1004267321\" class=\"wp-caption-text\">SpareSpace Storage<\/p><\/div>\n<p>Walker &amp; Dunlop has structured $9.8 million in financing for the construction of SpareSpace Storage in Miami. The firm worked with sponsor Generation4 Partners to place the debt assignment. The project is slated for completion by the summer of 2019.<\/p>\n<p>Located in the Wynwood neighborhood, the development will be less than 1 mile from Mana Wynwood, a roughly 24-acre assemblage that will feature 10 million square feet of commercial and civic space as well as a residential component. Additionally, the facility will be near Interstate 95, which provides exposure to more than 380,000 vehicles per day. The seven-story storage facility is slated to be 100 percent climate-controlled. Moreover, it is set to feature controlled access and personal and commercial wine storage spaces.<\/p>\n<p>Walker &amp; Dunlop\u2019s Capital Markets team that arranged the financing included Vice President Marty McGrogan and Senior Market Analyst Niki Perez. In August, the company also <a href=\"https:\/\/www.commercialsearch.com\/news\/walker-dunlop-structures-120m-for-miami-portfolio\/\">structured a $120 million loan<\/a> for a 1.2 million-square-foot group of properties in Miami Lakes, Fla.<\/p>\n<p><em>Image courtesy of Walker &amp; Dunlop<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Walker &amp; Dunlop worked with Generation4 Partners to structure the financing for the development of a seven-story self storage facility in the metro\u2019s Wynwood neighborhood. <\/p>\n","protected":false},"author":871,"featured_media":1004508498,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21782,21825,1492,21742],"tags":[34573],"class_list":["post-1004267318","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-development","category-finance","category-miami","category-latest","tag-walker-and-dunlop"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v23.4 (Yoast SEO v24.6) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Miami Storage Facility Lands $10M Construction Loan - Commercial Property Executive<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.commercialsearch.com\/news\/miami-storage-facility-lands-10m-construction-loan\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Miami Storage Facility Lands $10M Construction Loan\" \/>\n<meta property=\"og:description\" content=\"Walker &amp; 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