Updated Sep 2, 2026
Matt Dicker Of Reframe Holdings Secures $51.3M Loan For Self Storage Portfolio In Texas
$51,317,000
$82/SF
Building Size
620,000 SF
Asset Type
Self Storage
Closing
May 20, 2025
About this deal
AI
Reframe Holdings acquired the Steelcreek self-storage portfolio, consisting of eight properties across Dallas, Austin, and Houston, covering a total of 620,000 square feet. The loan for this acquisition amounted to $51,317,000, categorized as a construction loan with a five-year term, featuring non-recourse low interest and a floating rate.
Summary of transaction details:
- Property Type: Self Storage
- Transaction Amount: $51,317,000
- Market: Dallas, Austin & Houston
- Loan Type: Construction
- Loan Terms: 5 years, non-recourse low interest, floating rate
- Landlord: Matt Dicker - Reframe Holdings
- Brokers: Anna Siradze, Ivan Viramontes, Britt Taylor, Lauren Maehler & Tom Sherlock - Talonvest Capital
The assets from this transaction will be managed by Extra Space Storage and CubeSmart, with a plan for capital improvements to enhance their value and market presence.
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 this market self storage loans on Traded.
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.31%
Cash-on-Cash
-0.09%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93