10/23/2025
Crystal View Capital Announces Successful Fund III Refinance of Pak Rat Mini Storage
Crystal View Capital is proud to announce another successful refinance within Fund III: Pak Rat Mini Storage, a 611-unit self-storage facility located in Missoula, Montana.
The property was refinanced with a $5.61 million loan at 6.2% interest-only for five years. At acquisition, we invested $1.7 million in equity, and through disciplined management and strategic execution, we have successfully executed a refinance resulting in $3.24 million in equity proceeds.
When acquired, Pak Rat Mini Storage was an underperforming facility, facing below-market rents and operational inefficiencies. Leveraging our vertically integrated platform, our in-house management team stabilized the asset by optimizing rental rates, improving collections, enhancing marketing performance, and streamlining day-to-day operations.
The results speak for themselves: a stabilized, high-performing property generating over $120,000 in annual free cash flow, delivering effectively a potential infinite cash-on-cash returns for our investors.
This refinance reinforces the strength of our value-add investment strategy and highlights the competitive advantage of Crystal View Capital’s fully integrated acquisition, asset management, and operations platform.
To learn more about this refinance and its impact on investors, watch the full update from Matthew Ricciardella here.
Disclaimer: Past performance is not indicative of future results. The investment returns referenced herein, including IRR and MOIC, reflect historical outcomes specific to this asset and are not a guarantee of future performance. This communication is intended for informational purposes only and should not be construed as an offer to sell or a solicitation of an offer to buy any security or investment product. Any offering is made only pursuant to formal offering documents and in accordance with applicable securities laws.