White Oak Real Estate Capital Provides $27.2M Senior Secured Loan to 1784 Holdings for Self-Storage Development

NEW YORK--(BUSINESS WIRE)--White Oak Real Estate Capital (“WOREC”), an affiliate of White Oak Global Advisors (“White Oak”), today announced it has provided a $27.2 million senior secured loan to 1784 Holdings LLC, a national self-storage developer and owner specializing in developing, constructing and operating institutional quality self-storage facilities. The financing will be used to support the development of an 87,488 net rentable square feet (NRSF) climate-controlled self-storage facility in Garden Grove, California.

Garden Grove is a dense Orange County community with an affluent population. Self-storage offerings are limited in the community due to high barriers to entry. The property, situated in a centralized location in Garden Grove, will offer state-of-the-art, 100% climate-controlled storage units to serve the unmet demand within the project’s primary trade area.

“Orange County’s density and demographics, with its large percentage of renters, makes for a compelling location to develop a premium self-storage facility,” said Eric Tanjeloff, Managing Principal at WOREC. “We’re excited to partner once again with 1784 Holdings to deliver on the demand for storage within Garden Grove and the surrounding community.”

This financing is WOREC’s fourth self-storage development deal in Southern California with 1784 Holdings. 1784 Holdings partners with top operators, including Extra Space Storage.

WOREC’s investment underscores the firm’s strong track record in real estate lending and continued commitment to fueling growth across high-demand sectors.

About White Oak Real Estate Capital, LLC

White Oak Real Estate Capital, LLC (“WOREC”), an affiliate of White Oak Global Advisors, LLC, is a lender to the commercial real estate industry specializing in originating bespoke financing solutions secured by transitional assets. WOREC lends across most major and growth markets across the U.S. The company is headquartered in New York City.

About White Oak Global Advisors

White Oak Global Advisors, LLC (“WOGA”) is an alternative debt manager specializing in originating and providing financing solutions to support small and middle market enterprises at every stage of their lifecycle. WOGA and its financing affiliates provide over twenty lending products to the market that include term, asset-based, and equipment loans. Since its inception in 2007, WOGA and its affiliates have deployed over $11 billion while establishing long-term partnerships with borrowers. The firm and its affiliates have offices and personnel throughout the US, UK, and Australia. More information can be found at www.whiteoaksf.com.