New York, NY, June 18, 2026 — Andover Lending, the credit platform of Andover Properties, announced today that it has originated two self storage loans totaling $23.5 million. The financings include a $10.1 million loan to Horizon Storage Group for the acquisition of a self storage facility in Westchester County, NY, and a $13.4 million loan to York RE Capital Partners to refinance a three-property self storage portfolio in Tennessee and North Carolina.
The transactions represent continued momentum for Andover Lending, which seeks to originate non-recourse financing for sponsors nationally who own alternative real estate assets. The platform offers max-proceeds, non-recourse, bridge and construction financing without requiring third-party management or bank deposits. Financing is available for single assets or portfolios of any size.
The loan to Horizon Storage Group is the fourth transaction between Andover Lending and Horizon, demonstrating the mutual benefit of repeat business, the strength of the Andover Lending platform, and the value that borrowers place on working with a lender that deeply understands the asset class from an owner-operator’s perspective.
“These transactions reflect exactly the type of opportunities our credit platform was built to pursue,” said Zach Harding, Chief Investment Officer of Andover Properties. “Both loans are backed by high-quality self storage assets, experienced sponsorship groups, and clearly defined business plans. Our operational expertise allows us to underwrite opportunities differently than traditional lenders and provide flexible capital solutions for our borrowers.”
About Andover Properties
Andover Properties is an investment firm specializing in alternative real estate asset classes, including self-storage, manufactured housing, RV parks, small bay industrial, and car washes. Andover Properties is one of the largest private owner-operators of self-storage facilities in the United States. Its storage portfolio totals over 14 million square feet across 170+ facilities in 20 states, operating under the Storage King USA brand. Founded in 2003 by Brian and William Cohen, Andover Properties is headquartered in New York City, with offices in Miami and San Francisco. For more information, visit www.andoverprop.com.
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Andover Properties Public Relations
Email: press@andoverprop.com