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...