Buchanan Storage, RBC Capital Markets in CMBS Partnership

December 21st, 2006

RBC Capital Markets’ real estate mortgage capital division has been named the exclusive provider of commercial mortgage-backed securities for Buchanan Storage Capital. RBC will finance self-storage properties through Buchanan, and in turn Buchanan will provide RBC the right of first refusal on CMBS self-storage loans. In the first 60 days of operation, the partnership has quoted and secured more than $50 million in storage financing, and recently closed the first two self-storage loans totaling $13 million.

Who says Wall Street isn’t watching. Buchanan Storage Capital has carved out a powerful niche and is working it well. Kudos to the team at Buchanan.

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