PrimeSpace Capital & Blue Vista Capital Management Secures $8.95 Million Construction Loan In Garnerville

The asset involved in this transaction is a development site located at 3 West Ramapo Road in Garnerville. The property encompasses a total square footage of 108,600 and has an associated loan amount of $8,950,000. This financing is categorized as a construction loan, facilitated by MidFirst Bank.

Summary of transaction details:

• Property Type: Development Site
• Transaction Amount: $8,950,000
• Asset Size: 108,600 SF
• Lender: MidFirst Bank
• Landlord: PrimeSpace Capital & Blue Vista Capital Management
• Landlords' Representatives: Israel Friedman, Ryan Fridolfs & Samuel Kornblau
• Market: Garnerville

PrimeSpace Capital is a New York-based self-storage development firm with a significant portfolio consisting of 465,000 rentable square feet of climate-controlled self-storage, along with an additional 270,000 rentable square feet currently under construction. Interested parties are encouraged to reach out to Ryan Fridolfs for any new deal inquiries.