Arrow Real Estate Advisors announced that it has arranged $24 million in bridge financing from QuadReal for a Class A, climate-controlled self-storage facility at 607 West 47th Street in Manhattan.
Arrow’s Morris Betesh, Morris Dabbah and Zach Strauss arranged the financing on behalf of SJM Partners. The loan closed on October 6, 2026.
The 52,116-square-foot property comprises approximately 1,395 self-storage units. SJM Partners acquired the development site in 2017 for $18.5 million and completed ground-up construction of the facility in the fourth quarter of 2021.
