Jonathan Roth Of 3650 Capital Provides $42 Million Loan To Inland Real Estate Group For Refinance

The transaction involves a refinance of a five-property, 3,891-unit self-storage portfolio located at 2010 Avenue R, 1201 South Hastings Way, 333 East 7th Avenue, 31475 Utica Road, and 27400 Northwestern Highway across the markets of Lubbock, TX; Eau Claire, WI; North York, PA; and Fraser & Southfield, MI. The refinancing was facilitated through a $42 million fixed-rate loan structured over four years.

Summary of transaction details:

• Property Type: Self Storage
• Transaction Amount: $42,000,000
• Lender: Jonathan Roth - 3650 Capital
• Landlord: Daniel L. Goodwin - Inland Real Estate Group
• Broker: Nate Weyer - George Smith Partners
• Loan Type: Refinance
• Loan Terms: Fixed-rate, four-year

Jonathan Roth represents 3650 Capital in this transaction, where the financing aims to bridge stabilization for existing assets. The properties have been converted from former retail, industrial, office, and manufacturing sites and are operated under the Devon Self Storage brand, managed by IPC Self-Storage Redevelopment Fund LLC, an affiliate of Inland Real Estate Group.