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Summerland Storage Partners Secures $45 Million Refinance Loan From Affinius Capital For Self Storage Portfolio

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FINANCED
$45,000,000
Richard Z Mishaan
Shawn Hill

New York

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Self Storage341,071 SF
Financed 12/23/2025
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FINANCED

Summerland Storage Partners Secures $45 Million Refinance Loan From Affinius Capital For Self Storage Portfolio

14 Merrick Road, 225 Sheep Pasture Road & 71 Bishop Street

See Similar Deals
Self Storage341,071 SF
Financed 12/23/2025
Richard Z Mishaan
Shawn Hill
the dealplayerscompscontact
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Summary

NEW YORK
Asset Type:Self Storage
Price Per Square Foot:$131
Total Square Footage:341,071 SF
Transaction Type:Loan

A three-property self-storage portfolio located at 14 Merrick Road, 225 Sheep Pasture Road, and 71 Bishop Street features a total square footage of 341,071. The properties are situated in Lynbrook, Port Jefferson, NY, and Framingham, MA, and have an associated refinance loan amount of $45,000,000.

Summary of transaction details:

  • Property Type: Self Storage
  • Transaction Amount: $45,000,000
  • Lender: Affinius Capital
  • Landlord: Summerland Storage Partners
  • Brokers: Shawn Hill - The BSC Group & Richard Z Mishaan - Rizm LLC
  • Loan Type: Refinance

Shawn Hill sourced and led the debt placement for this transaction, with Richard Z Mishaan providing assistance on execution, highlighting their roles in the successful financing of the portfolio.

Players

Richard Z Mishaan
Richard Z Mishaan
4 deals$29.3M volume(917) 364-9680
BROKER
Shawn Hill
The BSC Group
Shawn Hill
4 deals$45M volume(312) 207-8237
BROKER
Affinius Capital
Affinius Capital
LENDER

Details

FINANCED
IMAGE: Shawn Hill & Richard Z Mishaan DATE: 12/23/2025 ADDRESS: 14 Merrick Road, 225 Sheep Pasture Road & 71 Bishop Street MARKET: Lynbrook, Port Jefferson, NY & Framingham, MA ASSET TYPE: Self Storage ~ SF: 341,071 LENDER: Affinius Capital LANDLORD: Summerland Storage Partners BROKERS: Shawn Hill - The BSC Group & Richard Z Mishaan (@RichieMishaan) - Rizm LLC LOAN AMOUNT: $45,000,000 LOAN TYPE: Refinance NOTE FROM BROKER: A three-property self-storage portfolio in Long Island, NY and Framingham, MA secured acquisition financing. Shawn Hill sourced and led the debt placement, with Richard Mishaan assisting on execution.

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Deal Type
Debt Service Coverage Ratio (DSCR)

1.05x

Max Loan Amount

$45,000,000.00

Monthly NOI$300,000.00
Monthly Debt Service$284,430.61
Change in Cash Flow$0.00
Refinance Proceeds$0.00