BridgeInvest Closes a $37.7 MM Refinance and Development Loan in Staten Island, NY, Bloomington, CA and Las Vegas, NV.

BridgeInvest is excited to announce the closing of a $37.7 million refinance and development loan that is senior secured by a three-asset industrial outdoor storage portfolio located in Staten Island, NY, Bloomington, CA, and Las Vegas, NV. Each asset is strategically located near a major transportation route and proximate to significant logistics and industrial hubs, making them highly attractive options for industrial outdoor storage (IOS) facilities.

Transaction Highlights:

• Class A Industrial Outdoor Storage development loan
• Three property portfolios in NY, NV, and CA
• Speculative build-out for prospective tenants
• Repeat business with Institutional development partner