Elite Self Storage, Langford BC. $11,750,000 Acquisition Financing, funded December 2021. Citifund coordinated a term loan financing for the acquisition of this recently completed self storage facility in Langford, BC. While still in the stabilization phase, the term loan was fixed rate and includes an interest only period and a 30 year amortization. This structure allowed the borrower to set rate at a favourable time and optimize cashflow with the I/O amortization.