Bruce C. Roch, Jr. Secures $152M Refinance From Wells Fargo For Self-Storage Properties

The transaction involves an industrial asset portfolio across multiple locations including 35 Ryerson Street, 30-28 Starr Avenue, 48-05 Metropolitan Avenue, 3329 Atlantic Avenue, 257R Euclid Avenue, 279 Euclid Avenue, 112 Bruckner Boulevard, and 979 Brook Avenue. The loan amount for this refinance deal is $152,000,000, which is intended to replace $128.57 million of prior debt held with JPMorgan Chase. The market for these properties includes Brooklyn, Queens, and the Bronx.

Summary of transaction details:

• Property Type: Industrial
• Transaction Amount: $152,000,000
• Lender: Wells Fargo
• Landlord: Bruce C. Roch, Jr. - Storage Post
• Market: Brooklyn, Queens & Bronx
• Loan Type: Refinance

The refinance was closed by Storage Post under the leadership of Bruce C. Roch, Jr., reinforcing their position in the self-storage industry. This strategic decision to secure a refinancing deal with Wells Fargo highlights the financial management approach taken for maintaining and enhancing the portfolio of assets within key urban areas.