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

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.