Bank Hapoalim Provides $32M Refinance Loan For Glendale Self Storage Property

The recently closed transaction involves a self-storage property located at 7936-7966 Cooper Avenue in Glendale. The property spans approximately 100,000 square feet and is owned by Cayre Equities. The loan for this transaction was provided by Bank Hapoalim, amounting to $32,000,000. The loan type for this transaction was a refinance. The brokerage team involved in this deal consists of Dustin Stolly, Jordan Roeschlaub, and Daniel Fromm from Newmark.

Summary of transaction details:

• Property Type: Self Storage
• Transaction Amount: $32,000,000
• Address: 7936-7966 Cooper Avenue, Glendale
• Market: Glendale
• Asset Type: Self Storage
• Square Footage: 100,000 SF

In this deal, Dustin Stolly, Jordan Roeschlaub, and Daniel Fromm, representing Newmark, played crucial roles as brokers, facilitating the transaction between the parties involved. They successfully secured the refinancing of the property, allowing Cayre Equities to optimize their financial position.