10Y UST4.55%-0.44%30Y MTG6.55%+0.92%SOFR3.59%-0.83%VNQ$99.48-0.54%XLRE$45.23-0.42%FED FUNDS3.63%
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Commercial Observer · Miami · Capital

Affinius Capital, Axonic Capital Provide $43M Refi for Miami Self-Storage Properties

Via Commercial Observer · July 20, 2026
Compiled by Real Estate Trail Editorial · July 20, 2026

Why this matters

Capital markets activity continues to be defined by the rotation from bank balance sheets to non-bank lenders. Private credit funds have raised record dry powder; banks have tightened CRE underwriting standards for the sixth consecutive quarter. The result is a market where well-sponsored deals clear, and marginal credit pays a meaningful spread to do so. Miami continues to absorb foreign capital and high-net-worth domestic migration. Brickell and Edgewater multifamily cap rates have led the recent compression, and hospitality continues to clear at premium basis on the back of constrained supply. For LPs, the allocation conversation has shifted decisively toward real estate debt, with equity allocations being deployed more selectively into operator-led platforms.

Editorial analysis · AI-assisted

Excerpt from Commercial Observer:
UTEX Storage Partners has secured a $42.5 million loan to refinance a two-property self-storage portfolio in Miami-area cities Coral Gables, Fla. and Pembroke Pines, Fla., Commercial Observer can first report. Affiniu…
Read the full article at Commercial Observer

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