After executing over $100 million of commitments over the last six months, TPG Angelo Gordon, a diversified credit and real estate investing platform within TPG, is serving as the exclusive financing partner of Andover Storage Lending, a recently launched platform that seeks to originate non-recourse financing for self-storage sponsors nationally. This partnership expands TPG Angelo Gordon’s relationship with Andover Properties, an owner and operator of storage properties nationwide.
“As demand for new debt financing solutions among self-storage facility owners continues to grow, we believe that Andover Storage Lending is uniquely positioned to fill a capital void by ensuring that borrowers receive the financing they require,” David Busker, head of commercial real estate debt for TPG Angelo Gordon, said. “We are excited to deepen our partnership with Andover Properties, a leading storage owner-operator, and aim to deliver frictionless specialty financing to the self-storage industry.”
“We are thrilled to expand our relationship with TPG Angelo Gordon and are confident that our combined track records and sector expertise will establish Andover Storage Lending as the go-to capital provider for non-recourse bridge and construction financing,” Brian Cohen, president and CEO of Andover Properties, said.
