facebook
Traded Co logo
Submit

Meridian Capital Group Secures $10.6 Million Refinance For 7 Property Self Storage Portfolio

Property Image
FINANCED
$10,000,000

Kansas

See Similar Deals
Self Storage216,570 SF
Financed 02/20/2025
the dealplayerscompscontact
Property Image
FINANCED

Meridian Capital Group Secures $10.6 Million Refinance For 7 Property Self Storage Portfolio

Self Storage216,570 SF
Financed 02/20/2025
Contact now

Summary

Asset Type:Self Storage
Price Per Square Foot:$46
Total Square Footage:216,570 SF
Transaction Type:Loan

The transaction involves a self-storage asset located at the 7 Property Self Storage Portfolio, encompassing a total square footage of 216,570. The loan for this asset, amounting to $10,600,000, is a refinance deal. The property is situated across multiple markets, including Salina, KS; Hutchinson, KS; and Afton, TN.

Summary of transaction details:

  • Property Type: Self Storage
  • Transaction Amount: $10,600,000
  • Loan Type: Refinance
  • Square Footage: 216,570
  • Address: 7 Property Self Storage Portfolio
  • Market: Salina, KS; Hutchinson, KS; Afton, TN
  • Brokers: Benjamin Nevid & Naphtali Marrus - Meridian Capital Group

Benjamin Nevid and Naphtali Marrus represent Meridian Capital Group, which has a significant track record, having closed nearly $3 billion in recent years and currently marketing $1 billion in transactions. They possess over 50 years of combined experience in the industry, facilitating connections between clients and tailored financing solutions across the capital stack.

Players

Benjamin (Ben) Nevid
24 deals$2.4B volume
BROKER

Naphtali Marrus
Meridian Capital Group
12 deals$736.4M volume
BROKER

Details

FINANCED
IMAGE: Benjamin Nevid & Naphtali Marrus DATE: 02/20/2025 ADDRESS: 7 Property Self Storage Portfolio MARKET: Salina, KS; Hutchinson, KS; Afton, TN ASSET TYPE: Self Storage ~ SF: 216,570 BROKERS: Benjamin Nevid & Naphtali Marrus (@TheMarrusTeam) - Meridian Capital Group (@Meridian.Capital.Group) LOAN AMOUNT: $10,600,000 LOAN TYPE: Refinance NOTE FROM BROKER: Meridian Capital’s Self-Storage team has closed nearly $3 billion in recent years and is currently marketing $1 billion in transactions. With 50+ years of combined experience, we leverage strong lender and capital provider relationships domestically and internationally. We connect clients with tailored financing solutions across the capital stack, including debt, subordinate debt, and JV equity. Contact: Naphtali Marrus Managing Director (646)502-3465 [email protected] Benjamin Nevid Senior Managing Director 212-612-0126 [email protected]

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

$10,000,000.00

Monthly NOI$66,666.67
Monthly Debt Service$63,206.80
Change in Cash Flow$0.00
Refinance Proceeds$0.00