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New York & Tri-State  + Outer  + Finance  |  September 5, 2025
Paul Bubny
By: Paul Bubny

Affinius Closes on Self-Storage Refi Across Three Boroughs

Affinius Capital LLC announced the closing of a $156-million refinancing for Prime NYC Self-Storage Portfolio, encompassing 7,230 units across three Class A properties in Brooklyn, the Bronx and Queens. Affinius made a $120-million loan to Prime Group Holdings alongside a $36-million 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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Affinius' Figleuy

About Paul Bubny

Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 16-plus years’ experience covering the commercial real estate industry and 30-plus years in business-to-business journalism. In this capacity, he oversees daily operations while also reporting on both local/regional markets and national trends, covering individual transactions across all property types, as well as delving into broader subject matter. He produces 7-10 daily news stories per day and works with the Connect team and clients to develop longer-form content, ranging from Q&As to thought-leadership pieces. Prior to joining Connect, Paul was Managing Editor for both Real Estate Forum and GlobeSt.com at American Lawyer Media, where he oversaw operations at both publications while also producing daily news and feature-length articles. His tenure in B2B publishing stretches back into the print era, and he has served as Editor in Chief on four national trade publications. Since 1999, Paul has volunteered as the newsletter editor of passenger rail advocacy groups (one national, one local).
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