Affinius Capital Closes $120 Million Refinance Loan For Prime Group Holdings' Self Storage Portfolio

A loan was closed for a self-storage portfolio with a total of 7,230 units located in Brooklyn, Bronx, and Queens. The transaction was led by Affinius Capital, which provided a refinance loan amounting to $120,000,000. This financial arrangement also included a junior mezzanine loan from 3650 Capital.

Summary of transaction details:

• Property Type: Self Storage
• Transaction Amount: $120,000,000
• Market: Brooklyn, Bronx & Queens
• Lender: Affinius Capital & 3650 Capital
• Landlord: Robert J. Moser - Prime Group Holdings
• Units: 7,230
• Loan Type: Refinance

The deal involved key participants including Robert J. Moser, representing Prime Group Holdings as the landlord. The involvement of both Affinius Capital and 3650 Capital highlights the collaboration in financing the self-storage properties. This transaction underscores the real estate investing activities within the self-storage market.