Meridian Capital Group Arranges $55.5M Self Storage Refinance Loan With Citibank | 38 Asset Self-Storage Portfolio | Citibank | Naphtali Marrus, Benjamin (Ben) Nevid | Self Storage | Loan

Summary

Loan

NATIONAL

Self Storage

1,100,000 sqft

A self-storage property with a size of 1,100,000 square feet was involved in a recent loan transaction. The loan, valued at $55,500,000, was provided by Citibank for the purpose of refinancing. The loan terms are set for a duration of 5 years.

Summary of transaction details

Property Type: Self Storage
Loan Amount: $55,500,000
Loan Type: Refinance
Loan Terms: 5 Years
Lender: Citibank
Broker: Naphtali Marrus & Benjamin Nevid - Meridian Capital Group

Naphtali Marrus and Benjamin Nevid from the Meridian Capital Group represented the parties involved in the loan transaction.

Players

All
4

Agents
2
Agencies
1
Lenders
1

Naphtali Marrus

Vice President

$37M Sold

Benjamin (Ben) Nevid

Senior Vice President

$222M Sold

Meridian Capital Group

Citibank

Details

Deal Summary

FINANCED

IMAGE: Naphtali Marrus & Benjamin Nevid DATE: 12/06/2023 MARKET: IL, IN, Ohio, AR, SC, LA, MS & AL ASSET TYPE: Self Storage ~ SF: 1,100,000 LENDER: Citibank BROKER: Naphtali Marrus (@TheMarrusTeam) & Benjamin Nevid - Meridian Capital Group (@Meridian.Capital.Group) LOAN AMOUNT: $55,500,000 LOAN TYPE: Refinance LOAN TERMS: 5 Years

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Address38 Asset Self-Storage Portfolio

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