To finance its growth, Third Lake Development turned to First American Bank, securing a tailored loan structure designed to meet the specific needs of their expanding portfolio. The solution includes a cumulative total of $59M in construction loans for the six projects, each with a 48-month term and interest-only payments. This strategic financing empowers Third Lake Development to construct and stabilize the six self-storage facilities with additional confidence in a dynamic market.
The partnership with First American Bank represents more than just a financial arrangement—it marks the beginning of a long-term collaboration that will support Third Lake Development’s continued expansion. With a foundation in place, the company is well-positioned for sustained success, driving forward its mission to create value in real estate while positively impacting the regions it serves.
