Cooper Horowitz Arranges $83.3M Loan For StorageBlue's Self-Storage Portfolio Acquisition. Ullico Provides $69M Senior Loan, Solaris Capital Provides $14.3M Preferred Equity. Neptune Capital Partners Contributes $13M LP Equity

Richard Horowitz, Alan Mruvka, and Justin Horowitz have closed a loan transaction for the properties located at 330 Tompkins Avenue in Staten Island, 290 Route 36 East in Long Branch, and 268 Cliffwood Avenue in Cliffwood. The asset type is self-storage with a total square footage of 317,689 and 4,276 units.

Summary of transaction details

• Property Type: Self-Storage
• Transaction Amount: $83,300,000
• Address: 330 Tompkins Avenue, 290 Route 36 East, and 268 Cliffwood Avenue
• Market: Staten Island, Long Branch, and Cliffwood
• Lender: Ullico and Solaris Capital
• Landlord: StorageBlue - Alan Mruvka
• Brokers: Richard Horowitz and Justin Horowitz - Cooper Horowitz LLC

Cooper Horowitz LLC, represented by Richard Horowitz and Justin Horowitz, arranged the Senior Loan with Ullico for $69,000,000 and the Preferred Equity with Solaris Capital for $14,300,000. In addition to that, Neptune Capital Partners provided LP Equity for the transaction, totaling $13,000,000.