Updated Sep 25, 2026
FINANCEDSelf Storage
1784 Holdings Secures $87 Million Bridge Loan For Self Storage Portfolio In Maryland And New Jersey
$87,000,000
$400/SF
Building Size
217,215 SF
Asset Type
Self Storage
Closing
Sep 24, 2026
About this deal
AI
The transaction involves a self-storage portfolio consisting of two facilities located in Bethesda, Maryland, and Monmouth Junction, New Jersey. The total square footage of the assets is 217,215, with a combined total of 2,524 units in the portfolio. The properties were financed through bridge loans amounting to $87 million.
Summary of transaction details:
- Property Type: Self Storage
- Transaction Amount: $87,000,000
- Address: Self Storage Portfolio
- Market: Bethesda, MD & Monmouth Junction, NJ
- Total Square Footage: 217,215
- Total Units: 2,524
- Landlord: Shane Albers - 1784 Holdings
- Brokers: Tom Sherlock, Kim Bishop, Mason Brusseau & Lauren Maehler - Talonvest Capital
- Loan Type: Bridge
- Loan Amount for Bethesda facility: $63,000,000
- Loan Amount for Monmouth Junction property: $24,000,000
Shane Albers, representing 1784 Holdings, was instrumental in securing the financing aimed at developing ground-up self-storage facilities. The financing arrangement was facilitated by the brokers from Talonvest Capital, who played a key role in structuring the bridge loans for both locations, emphasizing the coordinated effort involved in the transaction.
On the Map
Players
Market Self Storage Market Snapshot
Boundary boundary · Self Storage · Loan transactions
Loading comparables…
Deal FAQ
Visit Tom Sherlock to view all their deals.
Browse Maryland self storage loans on Traded.
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.18%
Cash-on-Cash
-0.05%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93