W
hite Oak Real Estate Capital, a subsidiary of White Oak Global Advisors, has provided $27.2 million in senior secured financing to 1784 Holdings LLC for the development of an 87,488 net rentable square feet self-storage facility in Garden Grove, California. The project will offer climate-controlled storage units to meet demand in this affluent Orange County community.

    Garden Grove's dense population and limited self-storage options make it an attractive location for a premium facility. Eric Tanjeloff, Managing Principal at WOREC, notes that the area's demographics, with a high percentage of renters, create a compelling opportunity for development. This is WOREC's fourth self-storage deal in Southern California with 1784 Holdings.

    WOREC has a strong track record in real estate lending and continues to invest in high-demand sectors. The company partners with experienced operators like Extra Space Storage to deliver bespoke financing solutions to the commercial real estate industry.

    White Oak Real Estate Capital is a lender specializing in transitional assets, originating financing solutions across major US markets. Headquartered in New York City, WOREC lends to small and middle market enterprises at every stage of their lifecycle.

    White Oak Global Advisors, WOREC's parent company, has deployed over $11 billion since its inception in 2007, establishing long-term partnerships with borrowers worldwide. The firm offers a range of lending products through its affiliates, including term, asset-based, and equipment loans.