SROA Capital Expands Bridge Financing Program for Self-Storage Industry

West Palm Beach, Florida-based SROA Capital has completed the first closing of its ninth flagship fund, SROA Capital Fund IX (“Fund IX”) this April. Up to 15% of the Fund will be focused on originating senior bridge loans, mezzanine loans and preferred equity investments to self-storage developers and operators.

“We are looking for investment opportunities across the capital stack in self-storage. SROA is excited to continue to expand its credit investing prowess to its broader investor base having round-tripped nearly $100MM in credit strategy with strong returns over the past 5 years,” said SROA Capital CEO Benjamin S. Macfarland, III. “The turmoil in the banking sector and volatility in the interest rate environment should be well received in the market by developers and operators seeking flexible bridge capital that can move quickly to help them weather the storm.”.
Read more about our Fund IX on Accesswire.