James Lockhart is a true expert in his field. This project was a great investment opportunity for the fund, and it opened a relationship with the best professional in the self-storage industry.
20 October 2021
New Wave Loans recently granted South Florida developer James Lockhart of Lockhart Self Storage a $ 9 million construction loan. With the support of PB Brown, Brickell Group and MBA Development, Lockhart has just completed its latest self-storage project in Margate, Florida.
The facility will include 1,117 self-storage units averaging 89 square feet. Despite delays in the international materials supply chain, the project is currently on schedule and is expected to open to the public in December of this year.
“James Lockhart is a true expert in his field. This project has been a great investment opportunity for the fund, and it has opened a relationship with the best professional in the self-storage industry, ”said Ryan Powers, director of New Wave. Ready. “We hope to help him and his team facilitate many more transactions in the future.”
To date, New Wave Loans has provided over $ 1.2 billion in private bridging loans.
About new wave loans
New Wave is South Florida’s premier private lender, providing quality financing with an emphasis on speed, confidentiality and impeccable service. We lend our own capital directly, which gives us the ability to provide loans that our competitors cannot. Our business transparency combined with our tailored 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 up to date with us via Facebook or LinkedIn.
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