TCF provides construction loan for southern California self-storage facility
WAYZATA, Minn (June 10, 2015) – TCF Financial Corporation (NYSE: TCB) today announced that its Commercial Banking group has provided a $10,350,000 construction loan, including treasury management services to Chicago-based U-Stor-It for the construction of a self-storage facility in San Diego, California.”U-Stor-It is one of the nation’s premier self-storage operators and TCF is proud to provide financing solutions that support their expansion plans,” said Mikal Christopherson, TCF’s vice president of commercial banking.
TCF offers experienced teams of corporate banking professionals with the ability to provide a range of financing solutions including construction, working capital lines of credit, repositioning, acquisition, interest rate swaps and permanent financing. Plus, we offer a comprehensive suite of treasury management solutions that help businesses manage cash flow more effectively.
TCF is a Wayzata, Minnesota-based national bank holding company. As of March 31, 2015, TCF had $20.0 billion in total assets and 379 branches in Illinois, Minnesota, Michigan, Colorado, Wisconsin, Arizona, South Dakota and Indiana, providing retail and commercial banking services. TCF, through its subsidiaries, also conducts commercial leasing, equipment finance, and auto finance business in all 50 states and commercial inventory finance business in all 50 states and Canada.