Affinius Capital and Axonic Capital Provide $42.5 Million Construction Loan for Two-Property, Self-Storage Portfolio in Miami
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Self-Storage Developer Closes On Loan for 1,500-Unit Expansion
UTEX Storage Partners closed on a $42.5 million construction loan to finance a two-property self-storage portfolio in the Miami metropolitan area. Affinius Capital and Axonic Capital originated the loan. The financing was arranged by Daniel Hartnett of Greysteel. The first property, located in Pembroke Pines, FL, is a to-be-built, four-story facility which will offer 1,097 units. The second, located in Coral Gables, FL, involves the 540-unit ex…
Affinius Capital and Axonic Capital Provide $42.5 Million Construction Loan for Two-Property, Self-Storage Portfolio in Miami
Affinius Capital LLC in partnership with Axonic Capital LLC, announced today the origination of a $42.5 million loan to finance a two-property self-storage portfolio in the Miami metropolitan area. The first property, located in Pembroke Pines, FL, is a to-be-built, four-story facility which will offer 1,097 units. The second, located in Coral Gables, FL, involves the 540-unit expansion of an existing self-storage facility, which will total 1,50…
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