Criterion Secures Refinance Loan

Posted by Poppy Behrens on Jan 22, 2020 12:00:00 AM

Columbia Pacific Advisors Bridge Lending, a platform within Columbia Pacific Advisors, provided a $28-million loan to Criterion Group to refinance a self-storage development in Long Island City, N.Y. The 51,426-square-foot site will be redeveloped into a self-storage and retail building totaling approximately 257,000 square feet. The permit-ready nine-story property will be one of the largest self-storage facilities in New York City upon completion in 2021.