Alan Mruvka, Founder Of E! Entertainment Television, And Now StorageBlue, Refinances Four Assets Of StorageBlue For 31.25 Million Dollars
The One Year Old Company Will Now Focus on Expanding the Brand
NEW YORK, June 8, 2015 /PRNewswire/ -- StorageBlue LLC, the New Jersey-based self-storage company, is pleased to announce the completion of a 31.25 million dollar re-financing of a four-building portfolio comprised of locations just outside of New York City, on the New Jersey Gold Coast. Due to their close proximity to Manhattan, the properties are among the highest quality self-storage assets in the New York area. This complicated, four loan transaction, was financed by Natixis Real Estate Capitol LLC.
"Natixis made this process as seamless and as easy as possible, as we now have our eye on expansion," says Alan Mruvka, President, CEO and Co-founder of StorageBlue with his father, Murray Mruvka.
Mruvka is actively working to improve the self-storage process and customer experience with StorageBlue, seeking to expand its portfolio nationwide through the acquisition of existing self-storage buildings and development of new self-storage facilities. He added features like mobile usability, online payment management, and high-tech security to make StorageBlue stand out from its competitors.
"One of the things we are most proud of at StorageBlue, is that we continue to re-invest our capital into improving both the physical properties, as well as, incorporating technological advances into a typically outdated industry," states Mruvka. "StorageBlue's 365 days-a-year access, long service hours, and regular upgrades to our facilities are some of the key reasons we have enjoyed so much success at our properties. We're disrupting a stagnant self-storage industry," he adds.
As a result of the high quality nature of the portfolio, StorageBlue had many options in considering this financing and turned to the expertise of Richard Horowitz, a principal at Cooper Horowitz, to navigate Mruvka and his company through the financing process.
"StorageBlue's portfolio together with such a talented and creative management team, made the company that much easier to finance," says Horowitz. We are pleased to have had this opportunity to work with StorageBlue, maximizing the amount borrowed, and identify Natixis financial as the lender of choice. The company is now completely vetted and ready for additional rounds of financing."
The transaction was spearheaded by StorageBlue's Chief Investment Officer, Molly Birkenes, and Chief Revenue Officer, Frank E. Barnes III. For more information about StorageBlue or the refinancing deal, visit http://www.storageblue.com/ or call 212-689-2130.
About StorageBlue:
StorageBlue is a New Jersey-based self-storage company founded by E! Entertainment Television founder Alan Mruvka and entrepreneur Murray Mruvka, who draw upon over 20 years in the self-storage industry. StorageBlue promises high-quality, secure, and convenient self-storage with four locations serving New York City and its surrounding areas. StorageBlue offers onsite managers, temperature-controlled and modernized facilities, moving truck rental, and moving supplies. Visit StorageBlue's YouTube Channel, StorageBlueTV, to watch Storage Pirates of New Jersey and browse through StorageBlueTV's YouTube page.
MEDIA CONTACT
Indulgence PR | 212.689.2130
Lindsay Hubbard | [email protected]
Brianna Vaccaro | [email protected]
SOURCE StorageBlue
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