LOS ANGELES--(BUSINESS WIRE)--Sep. 20, 2019-- Colony Credit Real Estate, Inc. (NYSE: CLNC) (“Colony Credit Real Estate” or the “Company”) announced today that it has funded a $116,000,000 floating-rate mortgage loan on behalf of Clutter, Inc. in connection with Clutter’s $152,000,000 acquisition of The Storage Fox Portfolio, four (4) self-storage facilities comprised of approximately 320,000 rentable square feet and 5,240 units located in Long Island City, Brooklyn, Yonkers and White Plains, New York.
Self storage.....probably 99% rented. Easy to sell. Almost 24% down payment. Appears very safe to me. Don't know how profitable because margin over base not disclosed.