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Summerland Storage Partners Secures $45M Acquisition Loan From Affinius Capital For Self Storage Properties
FINANCED
$45,000,000
New York
See Similar DealsSelf Storage
Financed 12/30/2025
FINANCED
Summerland Storage Partners Secures $45M Acquisition Loan From Affinius Capital For Self Storage Properties
14 Merrick Road, 225 Sheep Pasture Road & 71 Bishop Street
See Similar DealsSelf Storage
Financed 12/30/2025
Summary
NEW YORK
Asset Type:Self Storage
Transaction Type:Loan
Three self-storage properties located at 14 Merrick Road, 225 Sheep Pasture Road, and 71 Bishop Street in Lynbrook & East Setauket, New York, and Framingham, Massachusetts were involved in a transaction. The acquisition financing for these properties amounted to $45,000,000.
Summary of transation details:
- Property Type: Self Storage
- Transaction Amount: $45,000,000
- Lender: Len O'Donnell - Affinius Capital
- Landlord: David Dodman - Summerland Storage Partners
- Loan Type: Acquisition
Summerland Storage Partners, represented by David Dodman, secured the acquisition financing from Affinius Capital, represented by Len O'Donnell, to purchase the properties from Mequity Companies.
Players
LENDER
Details
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Deal Type
30 years
10 years
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
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