Matt Dicker Of Reframe Holdings Secures $51.3M Loan For Self Storage Portfolio In Texas

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.