{"id":11971,"date":"2026-06-23T15:15:19","date_gmt":"2026-06-23T15:15:19","guid":{"rendered":"https:\/\/listselfstorage.com\/us\/industry-insights\/?p=11971"},"modified":"2026-06-24T15:16:53","modified_gmt":"2026-06-24T15:16:53","slug":"24m-construction-loan-clears-path-for-new-self-storage-project-in-wayne-nj","status":"publish","type":"post","link":"https:\/\/listselfstorage.com\/us\/industry-insights\/24m-construction-loan-clears-path-for-new-self-storage-project-in-wayne-nj\/","title":{"rendered":"$24M Construction Loan Clears Path for New Self-Storage Project in Wayne, NJ"},"content":{"rendered":"<p><!-- VideographyWP Plugin Message: Automatic video embedding prevented by plugin options. --><br \/>\n<span style=\"color: #222222;\"><span style=\"font-family: Lato, Helvetica Neue, Arial, Helvetica, sans-serif;\"><span style=\"font-size: medium;\"><img loading=\"lazy\" class=\" wp-image-11972 alignright\" src=\"https:\/\/listselfstorage.com\/us\/industry-insights\/wp-content\/uploads\/2026\/06\/Wayne-Storage.jpg\" alt=\"\" width=\"196\" height=\"110\" \/>Basis Industrial has secured a $24 million construction loan from NexBank and NexPoint to develop a 586-unit self-storage facility at 555 Hamburg Turnpike in Wayne, New Jersey. The 85,330-square-foot project is set to break ground in August, with completion expected in February 2028. The financing follows a three-year approval process, reflecting the regulatory complexity common to high-barrier suburban markets. The transaction points to sustained capital interest in supply-constrained submarkets where new self-storage development remains difficult to advance.<\/span><\/span><\/span><\/p>\n<p><a style=\"display: inline-block; background-color: #f97033; color: #ffffff; padding: 8px 14px; font-size: 13px; font-weight: 600; text-decoration: none; border-radius: 4px; line-height: 1.2;\" href=\"https:\/\/re-nj.com\/basis-industrial-lands-24-million-construction-loan-for-long-awaited-wayne-self-storage-project\/\" target=\"_blank\" rel=\"noopener noreferrer\">Read the Full Article<br \/>\n<\/a><\/p>\n<p><span style=\"color: #222222;\"><span style=\"font-family: Lato, Helvetica Neue, Arial, Helvetica, sans-serif;\"><span style=\"font-size: medium;\">Source: Real Estate NJ<\/span><\/span><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Basis Industrial has secured a $24 million construction loan from NexBank and NexPoint to develop a 586-unit self-storage facility at 555 Hamburg Turnpike in Wayne, New Jersey. The 85,330-square-foot project is set to break ground in August, with completion expected in February 2028. The financing follows a three-year approval process, reflecting the regulatory complexity common to high-barrier suburban markets. The transaction points to sustained capital interest in supply-constrained submarkets where new self-storage development remains difficult to advance. Read the Full Article Source: Real Estate NJ<\/p>\n","protected":false},"author":13,"featured_media":11972,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":[],"categories":[23,56],"tags":[],"gutentor_comment":0,"_links":{"self":[{"href":"https:\/\/listselfstorage.com\/us\/industry-insights\/wp-json\/wp\/v2\/posts\/11971"}],"collection":[{"href":"https:\/\/listselfstorage.com\/us\/industry-insights\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/listselfstorage.com\/us\/industry-insights\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/listselfstorage.com\/us\/industry-insights\/wp-json\/wp\/v2\/users\/13"}],"replies":[{"embeddable":true,"href":"https:\/\/listselfstorage.com\/us\/industry-insights\/wp-json\/wp\/v2\/comments?post=11971"}],"version-history":[{"count":1,"href":"https:\/\/listselfstorage.com\/us\/industry-insights\/wp-json\/wp\/v2\/posts\/11971\/revisions"}],"predecessor-version":[{"id":11973,"href":"https:\/\/listselfstorage.com\/us\/industry-insights\/wp-json\/wp\/v2\/posts\/11971\/revisions\/11973"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/listselfstorage.com\/us\/industry-insights\/wp-json\/wp\/v2\/media\/11972"}],"wp:attachment":[{"href":"https:\/\/listselfstorage.com\/us\/industry-insights\/wp-json\/wp\/v2\/media?parent=11971"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/listselfstorage.com\/us\/industry-insights\/wp-json\/wp\/v2\/categories?post=11971"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/listselfstorage.com\/us\/industry-insights\/wp-json\/wp\/v2\/tags?post=11971"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}