Industry News: News and Joint Ventures
AIG Commercial Asset Finance Funds $105 Million Loan for U-Haul
AIG Commercial Asset Finance has provided a $105 million loan for properties managed by U-Haul. Proceeds from the loan were used to refinance existing notes.
U-Haul, North America’s largest “do-it-yourself” moving and storage operator, supplies products and services to help people move and store their household and commercial goods in the United States and Canada.
Gary Horton, Treasurer for U-Haul, noted that AIGCAF’s expertise in this market played a key role in U-Haul choosing AIGCAF as a financing partner. “Dan Fluharty provided excellent leadership and professionalism throughout the entire process, keeping all the parties focused on the key deal points.”
Dan Fluharty, Senior Vice President and Co-Manager of the Capital Markets and Real Property Finance Group at AIGCAF, said that AIG’s extensive experience in Credit Tenant Lease and Mortgage Lending transactions contributed to the ability to meet U-Haul’s business needs constructively and quickly. Fluharty noted, “Leveraging AIGCAF’s senior management’s 20 year relationship with U-Haul continues our focus on providing financing options for all asset classes for our customers while continually maintaining our long term relationships.”
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