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San Antonio, TX

Updated Oct 13, 2026

Jane Fraser Of Citigroup And David Solomon Of Goldman Sachs Provide $425 Million Refinance Loan In San Antonio
FINANCEDSelf Storage

Jane Fraser Of Citigroup And David Solomon Of Goldman Sachs Provide $425 Million Refinance Loan In San Antonio

$425,000,000

$90/SF

Building Size

4,700,000 SF

Asset Type

Self Storage

Closing

Aug 19, 2025

About this deal

AI

The asset involved in this transaction is a self-storage facility located in San Antonio, TX, encompassing a total square footage of 4,700,000. The lender has provided a loan amount of $425,000,000 through a refinance transaction.

Summary of transaction details:

This transaction highlights the collaboration between several key individuals and firms, including the involvement of Jane Fraser and David Solomon representing the lending institutions. The landlord team, led by Liz Raun Schlesinger and Jeff Aronson, partnered with Newmark, represented by Jordan Roeschlaub, Nick Scribani, and John Caraviello, to facilitate this refinance deal.

Players

Nick Scribani

Newmark

Broker

$59B

vol

209 deals

Broker
Jane Fraser

Jane Fraser

Citigroup Global Markets

Lender

$2.3B

vol

4 deals

Lender
Citibank
CitibankLender
Liz Raun Schlesinger

Liz Raun Schlesinger

Merit Hill Capital LP

Landlord

$425M

vol

3 deals

Landlord
Bilt advertisement

Market Self Storage Market Snapshot

Boundary boundary · Self Storage · Loan transactions

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Deal FAQ

About $90 per square foot on a published $425M for 4,700,000 square feet (2025).

Visit Jordan (Jordy) Roeschlaub to view all their deals.

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

0.04%

Cash-on-Cash

-0.01%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

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