StorageBlue Refinances Self Storage Portfolio In New Jersey For $61M With Lender ULLICO | Cooper Horowitz brokers loan for $61,000,000 in New Jersey | Richard Horowitz, Justin Horowitz | Self Storage | Loan

Summary

Loan

NEW JERSEY

Self Storage

The self storage portfolio located in Jersey City, Hoboken, Union City, Newark, and Garfield has recently undergone a refinancing loan. The loan, amounting to $61,000,000, was secured by United Labor Life Insurance Company (ULLICO). The loan terms are floating-rate, providing flexibility for the borrower.

Summary of transaction details:

Property Type: Self Storage
Loan Amount: $61,000,000
Loan Type: Refinancing Loan
Loan Terms: Floating-rate
Address: Self Storage Portfolio
Market: Jersey City, Hoboken, Union City, Newark & Garfield

The deal was facilitated by Richard Horowitz and Justin Horowitz of Cooper Horowitz, who acted as brokers in the transaction. The landlord of the self storage portfolio is StorageBlue, represented by Alan Mruvka. Herb Kolben and Kevin Smith from ULLICO played key roles in arranging the loan.

Players

All
3

Agents
2
Agencies
1

Richard Horowitz

$297M Sold

Justin Horowitz

Real Estate Salesperson

Cooper Horowitz

Details

Deal Summary

FINANCED

IMAGE: Richard Horowitz & Justin Horowitz DATE: 12/23/2022 ADDRESS: Self Storage Portfolio MARKET: Jersey City, Hoboken, Union City, Newark & Garfield ASSET TYPE: Self Storage LENDER: United Labor Life Insurance Company (ULLICO) - Herb Kolben (@HerbKolben) & Kevin Smith LANDLORD: StorageBlue (@StorageBlueNJ) - Alan Mruvka (@AlanMruvka) BROKERS: Richard Horowitz & Justin Horowitz - Cooper Horowitz (@CooperHorowitz) LOAN AMOUNT: $61,000,000 LOAN TYPE: Refinancing Loan LOAN TERMS: floating-rate

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AddressCooper Horowitz brokers loan for $61,000,000 in New Jersey

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