15/01/2025
LOAN
IMAGE: Charles Tourtellotte & Daniel “Skip” Elefante
DATE: 01/14/2025
ADDRESS: 2488 Market Place Boulevard
MARKET: Irving
ASSET TYPE: Self Storage ~ SF: 195,000
LENDER: Andover Lending
LANDLORD: Charles Tourtellotte - LaTerra Development; Daniel “Skip” Elefante - Platinum Storage
LOAN AMOUNT: $21,000,000
LOAN TYPE: Construction
NOTE: Andover Lending provided a $21 million construction loan to LaTerra Development and Platinum Storage to convert a former Fry’s Electronics in Irving, Texas, into a 195,000-square-foot Class-A self-storage facility. The multi-story property, near I-635 and adjacent to a future H-E-B, will offer climate-controlled units and RV storage to serve Irving and nearby communities.
