facebook
Traded Co logo
Submit
Daily limit: 0/10

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

Property Image
FINANCED
$315,000,000
Nick Scribani
Jonathan Firestone
+ 1

Arizona

See Similar Deals
Self Storage
Financed 11/04/2024
the dealplayerscompscontact
Property Image
FINANCED

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

4068 East Fort Lowell Road

See Similar Deals
Self Storage
Financed 11/04/2024
Nick Scribani
Jonathan Firestone
+ 1
Contact now

Summary

ARIZONA
Asset Type:Self Storage
Transaction Type:Loan

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:

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.

Players

Nick Scribani
191 deals$55.1B volume(212) 372-2113
BROKER

Jordan (Jordy) Roeschlaub
Newmark
321 deals$96.2B volume
BROKER

Jonathan Firestone
Newmark
38 deals$10.5B volume(310) 709-4910
BROKER

John Caraviello
Newmark
21 deals$10.7B volume
BROKER

Goldman Sachs
LENDER


Details

FINANCED
IMAGE: 11/04/2024 ADDRESS: Self Storage Portfolio MARKET: United States ASSET TYPE: Self Storage LENDER: Wells Fargo, Goldman Sachs & 3650 Capital LANDLORD: TPG Angelo Gordon & Brian Cohen - Andover Properties BROKERS: John Caraviello, Jonathan Firestone, Jordan Roeschlaub & Nick Scribani - Newmark LOAN AMOUNT: $315,000,000 LOAN TYPE: Refinance LOAN TERMS: TPG Angelo Gordon and Andover Properties NOTE: TPG Angelo Gordon and Andover Properties secured a $315 million CMBS loan from Wells Fargo, Goldman Sachs, and 3650 Capital to refinance a 43-property self-storage portfolio across 24 U.S. markets.

Stay in the Know

Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.

By subscribing, you agree to our Terms of Service and Privacy Policy.

Similar Deals

Contact

Get in touch with the broker you want

Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
Debt Service Coverage Ratio (DSCR)

1.05x

Max Loan Amount

$315,000,000.00

Monthly NOI$2,100,000.00
Monthly Debt Service$1,991,014.27
Change in Cash Flow$0.00
Refinance Proceeds$0.00