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Affinius Capital LLC has announced the closing of a $120 million loan to refinance the Prime NYC Self-Storage Portfolio, which includes 7,230 climate-controlled units across three Class A properties located in Brooklyn, the Bronx, and Queens. The loan was provided in partnership with Prime Group Holdings, with an additional junior mezzanine loan from 3650 Capital. CBRE’s Drew Anderman arranged the financing.
“This self-storage portfolio refinancing expands our presence in a growing asset class and further diversifies our loan portfolio,” said Tyler Figley, Senior Vice President at Affinius. “Moreover, we were drawn to the opportunity to establish a new partnership with Prime, an experienced team with an impressive track record in this space.”
The properties in the portfolio offer a variety of storage unit sizes to meet diverse tenant needs. Each facility features 100% climate-controlled units, onsite management, controlled gate access, drive-up accessibility, a leasing office, 24/7 digital surveillance, courtesy carts, and elevator access.
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