Rexford Self Storage

Project Type: Development, New Business Startup

Services Provided: Business Plan Development, Development Advisory, 3rd Party Management, Budget & Cash Flow Projections, Obtaining Bank Financing

Project Overview: A developer owned a parcel of well-located raw land in Saratoga County, NY and was looking to develop an income-producing property. Medici Associates assisted the owner in developing a plan to develop a 152-unit self storage facility. Development advisory services were rendered for both project approvals and financial projections. Medici Associates also negotiated financing terms with local lenders, assisted in setting up the new business entity, and helped hire a 3rd party property manager. On-going asset management services, including bookkeeping, continue to be provided.