Subject: FNC
New Wave Loans Provides $9 Million Construction Loan; Lockhart Tops Off 1,117 Unit Self Storage Facility
MIAMI, Oct. 20, 2021 /PRNewswire-PRWeb/ -- New Wave Loans recently provided South Florida developer, James Lockhart, of Lockhart Self Storage with a $9 million dollar construction loan. With support from PB Brown, Brickell Group and MBA Development, Lockhart has just topped off his latest self-storage project in Margate, Florida.
The facility will include 1,117 self-storage units with an average size of 89 square feet. Despite international material supply chain delays, the project is currently on schedule and is expected to be open to the public in December of this year.
"James Lockhart is a true expert in his field. This project was a great investment opportunity for the fund, and it opened up a relationship with a best-in-class self-storage industry professional," said Ryan Powers, principal at New Wave Loans. "We hope to help him and his team facilitate many more deals going forward."
To date, New Wave Loans has provided over $1.2 billion in private bridge loans.
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About New Wave Loans
New Wave is South Florida's leading private lender, providing quality financing with a focus on speed, confidentiality, and white-glove service. We are a direct lender of our own capital, giving us the flexibility to make loans our competitors cannot. The transparency of our business combined with our bespoke approach to lending has led to long-standing relationships with our clients and over $1.2 billion in successful transactions in recent years. To learn more about New Wave Loans, visit newwaveloans.com, or stay current with us via Facebook or LinkedIn.
New Wave Loans Media Contact
Taylar Ramsey-Thompson
Taylar Thompson Events
513.515.1865
[email protected]
Media Contact
Taylar Ramsey-Thompson, Taylar Thompson Events, +1 (513) 515-1865, [email protected]
SOURCE New Wave Loans
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