Beacon Realty Capital Closes $13.5 Million Self-Storage Refinancing Transaction

Chicago, IL, July 31, 2008 --(PR.com)-- Beacon Realty Capital, a commercial real estate financial services firm with a specialized self-storage financing group, closed a $13.5 million refinancing transaction for nine Murphy’s U-Store-It self-storage properties in the Joliet, Moline and Peoria markets in northern and central Illinois.

Beacon marketed the portfolio to several lending sources and completed the financing with a bank. The transaction structure featured a $12.5 million fixed rate loan with a 25-year amortization and a $1 million variable rate component that will be funded subsequent to the closing.

“Completing this refinancing transaction allows our company to utilize the portfolio’s real estate equity for future property expansion and facility improvements,” says Phil Murphy, an owner of the Peoria-based Murphy’s U-Store-It, which was founded in 1993.

Beacon Realty Capital
Beacon Realty Capital is a Chicago-based national commercial real estate financial services company that arranges debt and equity financing for new and existing projects, advises on the acquisition and disposition of real estate assets, and provides commercial loan servicing for correspondents. Since its founding, the firm has closed debt and equity financings totaling more than $5 billion.

###