Queensborough Mini Storage Facility, New Westminster BC. $17,000,000 Acquisition Financing, funded March 2022. A term loan financing was arranged for the acquisition of this recently completed self storage facility in New Westminster, 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.