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
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:
- 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
Market 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
0.04%
Cash-on-Cash
-0.01%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93