Storage USA Realty MA, LLC
Storage USA Realty MA, LLC, located in North Attleboro, MA, operates in the lessors of miniwarehouses and self-storage units industry. The company financed real estate or equipment through an SBA 504 loan of $5,000,000, with a total project amount of $5,295,000, approved on January 6, 2024, through Coastal1 Credit Union and the Ocean State Business Development Authority as the certified development company.
SBA 504 loan, approved Jan 6, 2024
$5,000,000 SBA portionCDC: Ocean State Business Development Authority25 years termStatus not reported (SBA exemption)Loan details
- SBA (CDC) portion
- $5,000,000
- Bank portion
- $5,295,000
- Estimated project size
- $11,438,889 (estimated)
- Estimated owner equity
- $1,143,889 (estimated, about 10% of the project)
- Bank lender
- Coastal1 Credit Union, Pawtucket, RI
- Processing method
- Accredited Lenders Program: CDC with an expedited SBA review
- Term
- 25 years (300 months)
- Estimated maturity
- January 6, 2049 (estimated, approval date plus term)
- First disbursement
- Jul 16, 2025
- Loan status
- Status not reported (SBA exemption)
- Business type
- Corporation
- NAICS
- 531130, Lessors of Miniwarehouses and Self-Storage Units
- Project location
- Bristol County, MA
- SBA district office
- Massachusetts District Office
- Congressional district
- MA-4
- Collateral
- Yes
Estimated share of project by source
Bank 46% SBA (CDC) 44% Owner 10%
- Larger than 90% of expansion loans in Lessors of Miniwarehouses and Self-Storage Units on this site.
- Average expansion loan in Lessors of Miniwarehouses and Self-Storage Units: $2,754,774.
- Average expansion loan in Massachusetts: $2,009,683.
Loan amounts are the SBA approval, not a purchase price. Figures labeled estimated are derived on this site and are not published by the SBA.
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