CSP Properties LLC Secures $23.3 Million Refinance From ArrowMark Partners For Storage Asset In Manhattan

The asset involved in the transaction is a self-storage facility located at 78 Walker Street in Manhattan’s Chinatown. It encompasses a total square footage of 41,200 and is part of a refinancing arrangement.

Summary of transaction details:

• Property Type: Self Storage
• Transaction Amount: $23,300,000
• Address: 78 Walker Street
• Market: Chinatown, Manhattan
• Lender: ArrowMark Partners
• Landlord: Yacov Smouha
• Loan Type: Refinance

CSP Properties LLC, under the leadership of Yacov Smouha, was involved in securing the refinancing from ArrowMark Partners which replaced prior debt from Thorofare Capital.