UTEX Storage Partners Secures $42.5 Million Refinance Loan For Self Storage Portfolio In Florida

A self-storage portfolio consisting of two properties located in Coral Gables and Pembroke Pines, FL, was involved in this transaction. The asset type is self-storage, and the refinancing loan amount is $42,500,000.

Summary of transaction details:

• Property Type: Self Storage
• Transaction Amount: $42,500,000
• Lender: Tyler Figley - Affinius Capital; Axonic Capital
• Landlord: UTEX Storage Partners
• Broker: Daniel Hartnett - Greysteel
• Loan Type: Refinance

This refinancing deal supports the planned expansion of the Coral Gables facility to include 1,500 units, while the Pembroke Pines property is set to feature a new four-story building with 1,097 units.