(Read more on the debt and equitymarkets.)
CHICAGO-Equibase Capital Group LLC, based here, has received $59million in senior and mezzanine financing for six self-storageproperties purchased recently in a joint venture with Extra SpaceStorage, based in Salt Lake City. The financing was provided byBank of America and its wholly owned subsidiary, TriSail CapitalCorp. The six class A properties total more than 500,000 sf and arelocated in Florida, Illinois, Massachusetts, New York and RhodeIsland.
The financing is being used to retire construction loans for theindividual properties, says John Didrickson, principal withEquibase. He would not disclose the terms of the financing.
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