Thursday, December 6, 2012

HFF arranges $1.7 million refinancing for Marion Ridge Self Storage in Kansas City, MO



Marion Ridge Self Storage, Kansas City, MO
LOS ANGELES, CA – HFF announced today that it has arranged a $1.7 million refinancing for Marion Ridge Self Storage, a 480-unit self storage asset in Kansas City, Missouri.

                Working exclusively on behalf of World Class Capital Group, LLC, HFF placed the 10-year, fixed-rate loan through Morgan Stanley Mortgage Capital, Inc.  - CMBS.  The securitized loan will be serviced by HFF.

                Marion Ridge Self Storage is located at 9600 Marion Ridge adjacent to Interstate 435 near the interchange of US Route 71 and 50 southeast of downtown Kansas City.  The property is fully leased and was built in 1988.

Christopher Vittetoe
The HFF team representing the borrower was led by director Christopher Vittetoe.

World Class Capital Group, LLC is a leading private investment firm based in Austin, Texas.  The firm pursues opportunities in all U.S. markets and has a distinct focus on alternative investments, primarily real estate and private equity.

For a complete copy of the company’s news release, please contact:

Kristen M. Murphy
Associate Director
HFF | 9 Greenway Plaza, Suite 700 | Houston, TX 77046
tel 713.852.3500 | cel 617.543.4873 | fax 713.527.8725 |



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