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North Palisades Partners Secures $55M Refinance Loan From Goldman Sachs For Self Storage Facility

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FINANCED
$55,000,000
Mark Finan
Thomas (Tom) Traynor
Tom Rugg
+ 2

California

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Self Storage214,000 SF
Financed 05/07/2025
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Property Image
FINANCED

North Palisades Partners Secures $55M Refinance Loan From Goldman Sachs For Self Storage Facility

1920 Randolph Street

See Similar Deals
Self Storage214,000 SF
Financed 05/07/2025
Mark Finan
Thomas (Tom) Traynor
Tom Rugg
+ 2
the dealplayerscompscontact
Contact now

Summary

CALIFORNIA
Asset Type:Self Storage
Price Per Square Foot:$257
Total Square Footage:214,000 SF
Transaction Type:Loan

The property asset involved in this transaction is a newly completed self-storage facility located at 1920 Randolph Street in Huntington Park. The facility encompasses 214,000 square feet and comprises 3,039 units, reflecting the increasing demand for storage solutions in a dense, supply-constrained submarket.

Summary of transaction details:

Goldman Sachs Alternatives provided the financing for this transaction, executing a refinance that will retire construction debt and support future growth strategies for North Palisades Partners. CBRE played a pivotal role in arranging the five-year bridge loan that facilitates these financial objectives.

Players

Thomas (Tom) Traynor
CBRE
Thomas Traynor
39 deals$15B volume
BROKER
Mark Finan
CBRE
Mark Finan
12 deals$5.9B volume
BROKER
Tom Rugg
CBRE
Tom Rugg
22 deals$8.2B volume(212) 984-8112
BROKER
Arman Samouk
CBRE
Arman Samouk
6 deals$2.8B volume(212) 895-0953
BROKER
JM
Joe Mishurda
6 deals$204M volume
LANDLORD

Details

FINANCED
IMAGE: Joe Mishurda, Steve Cobbs, Arman Samouk, Mark Finan, Thomas Traynor & Tom Rugg DATE: 05/07/2025 ADDRESS: 1920 Randolph Street MARKET: Huntington Park ASSET TYPE: Self Storage ~ SF: 214,000 ~ UNITS: 3,039 LANDLORD: Joe Mishurda & Steve Cobbs - North Palisades Partners BROKERS: Arman Samouk (@ArmanSamouk), Mark Finan, Thomas Traynor & Tom Rugg - CBRE (@CBRE) LOAN AMOUNT: $55,000,000 LOAN TYPE: Refinance LOAN TERMS: five-year NOTE: North Palisades Partners landed a $55M refi from Goldman Sachs Alternatives for its newly completed 3,039-unit, 214k sf self-storage facility at 1920 Randolph St in Huntington Park. CBRE arranged the five-year bridge loan, which retires construction debt and backs growth plans in a dense, supply-constrained submarket.

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Deal Type
Debt Service Coverage Ratio (DSCR)

1.05x

Max Loan Amount

$55,000,000.00

Monthly NOI$366,666.67
Monthly Debt Service$347,637.41
Change in Cash Flow$0.00
Refinance Proceeds$0.00