Updated Sep 5, 2024
Meridian Capital Group Arranges $560M Self-Storage Refinance Loan In 15-State Portfolio
United States
$560,000,000
Building Size
—
Asset Type
Self Storage
Closing
Apr 3, 2022
About this deal
AI
A portfolio of self-storage properties located in 15 states has recently been refinanced for a loan amount of $560,000,000. The deal was facilitated by Drew Anderman, Ben Nevid, and Eddie Haber of Meridian Capital Group.
Summary of transaction details:
- Property Type: Self-storage
- Transaction Amount: $560,000,000
- Market: 15 states
- BROKERS: Drew Anderman, Ben Nevid & Eddie Haber - Meridian Capital Group
This refinancing deal involves a diverse portfolio of self-storage properties spread across 15 states. The loan is valued at $560,000,000 and was overseen by the brokerage team consisting of Drew Anderman, Ben Nevid, and Eddie Haber from Meridian Capital Group.
Players
New York Self Storage Market Snapshot
Boundary boundary · Self Storage · Loan transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.03%
Cash-on-Cash
-0.01%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93