Nuveen Provides $115 Million Refinance Loan To Storage Post For Self Storage Assets In New York & New Jersey

The transaction involves a self-storage asset located in the New York and New Jersey market, consisting of a total square footage of 900,949 and a total of 9,578 units across 9 distinct assets. The transaction was a refinance with a loan amount of $115,000,000.

Summary of transaction details:

• Property Type: Self Storage
• Transaction Amount: $115,000,000
• Lender: Nuveen
• Landlord: Storage Post
• Brokers: Steven Klein & Robert Tonnessen - JLL
• Loan Type: Refinance

This transaction highlights the involvement of prominent brokers Steven Klein and Robert Tonnessen from JLL, who represent the landlord, Storage Post, in navigating this refinance deal, thereby facilitating the financial aspects required for the asset's operational success.