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.