Tyler Figley Of Affinius Capital Provides $16.16M Refinance For Summerland Storage Partners In MO And FL
$16,160,000
Building Size
—
Asset Type
Self Storage
Closing
Jan 11, 2026
AI
A refinance transaction was completed for Summerland Storage Partners involving a self-storage portfolio comprising 1,341 units located in Fenton, MO, and Clearwater, FL. This two-property portfolio is classified as Class A assets, indicating their high quality and favorable location in growth markets, which supports a long-term hold strategy and portfolio diversification.
Summary of transaction details:
- Property Type: Self Storage
- Transaction Amount: $16,160,000
- Lender: Tyler Figley - Affinius Capital
- Landlord: David Dodman - Summerland Storage Partners
- Brokers: Shawn Hill & Adam Karnes - The BSC Group
- Units: 1,341
- Loan Type: Refinance
The transaction was facilitated by Tyler Figley representing Affinius Capital, who provided the financing, while David Dodman represented Summerland Storage Partners. The negotiation and arrangement of the deal were conducted by brokers Shawn Hill and Adam Karnes from The BSC Group, demonstrating a collaborative effort among experienced professionals in the market.
Players
Market Self Storage Market Snapshot
Boundary boundary · Self Storage · Loan transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.98%
Cash-on-Cash
-0.28%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93