ORIX USA’s Real Estate Capital Group announced the closing of a $70 million portfolio of senior self-storage bridge loans across the U.S. that will be utilized to lease up and stabilize newly constructed self-storage properties. We are thrilled to announce the successful closing of this bridge loan portfolio. Our bullish outlook on the self-storage sector reflects our confidence in the marketplace’s resilience and growth potential.
“We’re excited to have closed on this opportunity, particularly in today’s dynamic lending environment. This achievement underscores our proven capability to close deals, serve as a reliable capital partner, and demonstrates our long-term belief in these markets,” said Allison Austin, Senior Director, of ORIX Real Estate Credit Group.
“This transaction underscores our commitment to identifying and supporting opportunities that align with our company’s vision,” said Adam Diamond, Managing Director and Originator of ORIX Real Estate Credit Group.
$30.75 Million Senior Self-Storage Bridge Loan
ORIX USA’s Real Estate Capital Group closed a $30 million bridge loan which will be used for the refinance and continued lease-up of a 2024-constructed, 97,860 square feet, Class A climate-controlled self-storage facility located in California.
$25.3 Million Senior Self-Storage Bridge Loan
ORIX USA’s Real Estate Capital Group closed a $25 million bridge loan which will be used for the refinance and stabilization of a 923-unit, climate-controlled, self-storage facility completed in 2020.
$14.4 Million Senior Self-Storage Bridge Loan
ORIX USA’s Real Estate Capital Group closed a $14.4 million bridge loan which will be used for the refinance and continued lease-up of a 2023-constructed, 90,479 square feet, Class A climate-controlled self-storage facility in New Jersey.
ORIX USA’s Real Estate Capital group is a proprietary commercial real estate lending business, delivering customized financing for a full range of property types in primary and secondary metropolitan markets in the U.S. and Canada. Loans made or arranged in California are pursuant to a California Financing Law license.