Bank Of America Provides $462.5M Refinance Loan For Self Storage Portfolio | Newmark brokers $462,500,000 loan for self storage portfolio | Bank of America | Taucha Hogue, Aaron Swerdlin, Dustin Stolly, Jordan (Jordy) Roeschlaub, Nick Scribani | Industrial | Loan

Summary

Loan

TEXAS

Industrial

6,900,000 sqft

The Self Storage Portfolio, located in Texas, Michigan, Ohio, Arkansas, Oklahoma, New Hampshire, South Carolina, Florida, and Georgia, has undergone a refinancing deal. The industrial asset spans approximately 6,900,000 square feet and is owned by SpareBox Storage and Davidson Kempner Capital Management.

Summary of transaction details

Property Type: Industrial
Transaction Amount: $462,500,000
Loan Type: Refinance
Lender: Bank of America
Landlord: SpareBox Storage & Davidson Kempner Capital Management
Brokers: Dustin Stolly, Jordan Roeschlaub, Nick Scribani, Aaron Swerdlin & Taucha Hogue - Newmark

The lending institution involved in the deal is Bank of America. The brokers representing the transaction are Dustin Stolly, Jordan Roeschlaub, Nick Scribani, Aaron Swerdlin, and Taucha Hogue from Newmark. The self storage portfolio is spread across eight states and is located in strong submarkets. It is described as being well-leased.

Players

All
7

Agents
5
Agencies
1
Lenders
1

Taucha Hogue

Senior Managing Director

Aaron Swerdlin

Vice Chairman

$26.5M Sold

Dustin Stolly

Co-President, Debt & Structured Finance

$5.1B Sold

Jordan (Jordy) Roeschlaub

Co-President, Debt & Structured Finance

$4.8B Sold

Nick Scribani

Executive Managing Director

$3.2B Sold

Newmark

Bank of America

Details

Deal Summary

FINANCED

IMAGE: Dustin Stolly, Nick Scribani, Jordan Roeschlaub, Taucha Hogue & Aaron Swerdlin DATE: 09/22/2022 ADDRESS: Self Storage Portfolio MARKET: Texas, Michigan, Ohio, Arkansas, Oklahoma, New Hampshire, South Carolina, Florida and Georgia ASSET TYPE: Industrial ~ SF: 6,900,000 LENDER: Bank of America (@BankofAmerica) LANDLORD: SpareBox Storage & Davidson Kempner Capital Management BROKERS: Dustin Stolly, Jordan Roeschlaub (@JordyRoeschlaub), Nick Scribani (@ScribSays), Aaron Swerdlin (@AaSwerdlin) & Taucha Hogue - Newmark (@Newmark) LOAN AMOUNT: $462,500,000 LOAN TYPE: Refinance NOTE: The portfolio spans eight states in strong submarkets and is well-leased.

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AddressNewmark brokers $462,500,000 loan for self storage portfolio

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