TPG Angelo Gordon And Andover Properties Secure $315 Million Refinance Loan For Self Storage Portfolio

A total of 43 properties in a self-storage portfolio across 24 U.S. markets were refinanced through a loan amounting to $315 million. The refinancing was secured against the self-storage asset type, highlighting its significance in the current financial landscape.

Summary of transaction details:

• Property Type: Self Storage
• Transaction Amount: $315,000,000
• Lender: Wells Fargo, Goldman Sachs & 3650 Capital
• Landlord: TPG Angelo Gordon & Brian Cohen - Andover Properties
• Broker Representation: John Caraviello, Jonathan Firestone, Jordan Roeschlaub & Nick Scribani - Newmark
• Loan Type: Refinance
• Loan Terms: TPG Angelo Gordon and Andover Properties

This transaction involved significant players in the finance and real estate sectors, with TPG Angelo Gordon and Andover Properties acting as landlords, and multiple lenders including Wells Fargo and Goldman Sachs participating in the financing. The brokerage team facilitating the deal consisted of John Caraviello, Jonathan Firestone, Jordan Roeschlaub, and Nick Scribani from Newmark.