Posted on August 12th, 2020
New York’s Piermont Bank Financed The $6M State Of The Art Storage Facility Renovation with the Project’s Long Term Success At The Heart of the Deal
New York, NY, and Garfield, N.J. – StorageBlue, New Jersey’s most consumer-centric and self-proclaimed lowest-priced self-storage brand continues their New Jersey expansion efforts with the grand opening of their Garfield location at 170 River Drive, Garfield, NJ 07026. The project. The $6M project was financed by New York’s Piermont Bank and the location is now officially celebrating its grand opening.
The deal, designed to ensure the long term success of the project, was spearheaded by Piermont Bank. Says Rob Rynarzewski, Head of Commercial Real Estate, Piermont Bank, “Piermont was able to work with Alan at StorageBlue to creatively structure an interest-only loan that would give him the time needed to lease-up his newest facility in Garfield. This is another example of how the Piermont team is able to think outside of the box for our clients. We also believe it is about building a long-term relationship that will support each other’s growth.”
Posted in News, StorageBlue Named to 2020 Inc. 5000 List and tagged Garfield Self Storage, Jersey City Self Storage, Newark Self Storage, Self Storage Facility in Hoboken, Self Storage Facility in Union City,Union City Self Storage.Important Tips on Decluttering & Downsizing Your Home in Union City »