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

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FINANCED
$425,000,000
Nick Scribani
Liz Raun Schlesinger
+ 1

Texas

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Self Storage4,700,000 SF
Financed 08/19/2025
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Property Image
FINANCED

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

Self Storage4,700,000 SF
Financed 08/19/2025
Nick Scribani
Liz Raun Schlesinger
+ 1
Contact now

Summary

Asset Type:Self Storage
Price Per Square Foot:$90
Total Square Footage:4,700,000 SF
Transaction Type:Loan

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:

  • Property Type: Self Storage
  • Transaction Amount: $425,000,000
  • Lender: Jane Fraser - Citigroup & David Solomon - Goldman Sachs
  • Landlord: Liz Raun Schlesinger - Merit Hill Capital & Centerbridge - Jeff Aronson
  • Landlord's Representative: Jordan Roeschlaub, Nick Scribani & John Caraviello - Newmark
  • Loan Type: Refinance
  • Date: 8/20/2025

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
191 deals$55.1B volume(212) 372-2113
BROKER

Jordan (Jordy) Roeschlaub
Newmark
321 deals$96.2B volume
BROKER

John Caraviello
Newmark
21 deals$10.7B volume
BROKER

Goldman Sachs
LENDER

Citibank
LENDER

Liz Raun Schlesinger
Merit Hill Capital LP
3 deals$425M volume
LANDLORD

Details

FINANCED
IMAGE: David Solomon, Jane Fraser, Jeff Aronson, Liz Raun Schlesinger, Jordan Roeschlaub, Nick Scribani & John Caraviello DATE: 8/20/2025 MARKET: San Antonio, TX ASSET TYPE: Self Storage ~ SF: 4,700,000 LENDER: Jane Fraser - Citigroup & David Solomon - Goldman Sachs (@GoldmanSachs) LANDLORD: Liz Raun Schlesinger - Merit Hill Capital & Centerbridge - Jeff Aronson LANDLORD'S REP: Jordan Roeschlaub (@JordyRoeschlaub), Nick Scribani (@ScribSays) & John Caraviello - Newmark (@Newmark) LOAN AMOUNT: $425,000,000 LOAN TYPE: Refinance

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Deal Type
Debt Service Coverage Ratio (DSCR)

1.05x

Max Loan Amount

$425,000,000.00

Monthly NOI$2,833,333.33
Monthly Debt Service$2,686,289.10
Change in Cash Flow$0.00
Refinance Proceeds$0.00