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Debt - Summary of Secured Debt (Detail) - USD ($)
Jun. 30, 2023
Apr. 13, 2023
Dec. 31, 2022
Jul. 08, 2021
Line Of Credit Facility [Line Items]        
Total Secured Debt $ 286,258,294   $ 157,169,423  
Huntington Credit Facility        
Line Of Credit Facility [Line Items]        
Total Secured Debt $ 107,574,000   95,091,351  
Interest Rate [1] 7.75%      
Maturity Date Nov. 30, 2025 Nov. 30, 2025    
Skymar Loan        
Line Of Credit Facility [Line Items]        
Total Secured Debt $ 4,800,000   4,800,000  
Interest Rate 4.125%     4.125%
Maturity Date Aug. 01, 2024     Aug. 01, 2024
SmartStop Delayed Draw Mezzanine Loan        
Line Of Credit Facility [Line Items]        
Total Secured Debt     35,000,000  
National Bank of Canada | Burlington Loan        
Line Of Credit Facility [Line Items]        
Total Secured Debt $ 12,078,974   12,055,230  
Interest Rate [2] 7.52%      
Maturity Date Sep. 20, 2025      
National Bank of Canada | Cambridge Loan        
Line Of Credit Facility [Line Items]        
Total Secured Debt $ 11,392,197   11,439,000  
Interest Rate [3] 7.52%      
Maturity Date Dec. 20, 2025      
National Bank of Canada | North York Loan        
Line Of Credit Facility [Line Items]        
Total Secured Debt $ 18,867,500      
Interest Rate [4] 7.67%      
Maturity Date Jan. 31, 2025      
National Bank of Canada | Ontario Loan        
Line Of Credit Facility [Line Items]        
Total Secured Debt $ 95,997,840      
Interest Rate [5] 7.87%      
Maturity Date Jun. 15, 2025      
Bank of Montreal Loan        
Line Of Credit Facility [Line Items]        
Total Secured Debt $ 16,320,388      
Interest Rate [6] 7.77%      
Maturity Date May 04, 2025      
First National Loan        
Line Of Credit Facility [Line Items]        
Total Secured Debt $ 6,645,134      
Interest Rate [7] 8.85%      
Maturity Date May 18, 2025      
SmartStop Bridge Loan        
Line Of Credit Facility [Line Items]        
Total Secured Debt $ 15,000,000      
Interest Rate 8.09%      
Maturity Date Dec. 31, 2023      
Secured Debt        
Line Of Credit Facility [Line Items]        
Total Secured Debt $ 4,800,000   4,800,000  
Debt issuance costs, net $ (2,417,739)   $ (1,216,158)  
[1] This variable rate loan encumbers 12 properties (Phoenix I, Phoenix II, Surprise, Bradenton, Apopka, Vancouver WA, Portland, Newark, Levittown, Chandler, St. Johns and Oxford). We entered into interest rate swap agreements and an interest rate cap that fixes SOFR at 3.39% until the maturity of the loan.
[2] This variable rate loan encumbers our Burlington, ONT property and the amount shown above is in USD based on the foreign exchange rate in effect as of June 30, 2023 and December 31, 2022, respectively. We entered into an interest rate swap agreement that fixes CDOR at 4.02% until the maturity of the loan.
[3] This variable rate loan encumbers our Cambridge, ONT property and the amount shown above is in USD based on the foreign exchange rate in effect as of June 30, 2023 and December 31, 2022, respectively. We entered into an interest rate swap agreement that fixes CDOR at 3.83% until the maturity of the loan.
[4] This variable rate loan encumbers our North York, ONT property and the amount shown above is in USD based on the foreign exchange rate in effect as of June 30, 2023. We entered into an interest rate swap agreement that fixes CDOR at 3.79% until the maturity of the loan.
[5] This variable rate loan encumbers our Ontario Portfolio and the amount shown above is in USD based on the foreign exchange rate in effect as of June 30, 2023. We entered into an interest rate swap agreement that fixes CDOR at 4.73% until the maturity of the loan.
[6] This variable rate loan encumbers our Vancouver, BC property and the amount shown above is in USD based on the foreign exchange rate in effect as of June 30, 2023. We entered into an interest rate swap agreement that fixes CDOR at 4.47% until the maturity of the loan.
[7] This variable rate loan encumbers our Edmonton, AB property and the amount shown above is in USD based on the foreign exchange rate in effect as of June 30, 2023.