Affinius Capital LLC announced the closing of a $120-million loan to refinance Prime NYC Self-Storage Portfolio, encompassing 7,230 units across three Class A properties in Brooklyn, the Bronx and Queens. Affinius made the loan to Prime Group Holdings alongside a junior mezzanine loan from 3650 Capital. Drew Anderman of CBRE arranged the financing.
“This self-storage portfolio refinancing expands our presence in a growing asset class and further diversifies our loan portfolio,” said Affinius SVP Tyler Figley. “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 portfolio’s units, which are 100% climate-controlled, come in a variety of sizes to accommodate a wide range of tenant needs. Each property features onsite management, controlled gate access, drive-up accessibility, a leasing office, 24/7 digital surveillance, courtesy carts and elevator access.
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