Irvine, CA – September 24, 2020 – Talonvest Capital, Inc., a boutique self storage and commercial real estate advisor, negotiated a $22,100,000 bridge loan from a debt fund on behalf of 1784 Capital Holdings for the refinance of a newly constructed, state-of-the-art, self storage facility in Scottsdale, Arizona. The 90% leverage, non-recourse, cash-out refinance loan featured a 3-year term, interest only payments, two 1-year extension options, and prepayment flexibility. Shane Albers, CEO of 1784 Capital Holdings shared “__The Talonvest team continues to deliver exceptional results for us through their knowledge, relationships, and passion for the business.__”
The class-A, Life Storage branded property features 82,115 net rentable square feet comprised of 854 climate controlled self storage units of which 86 units are drive-through storage units on the first floor of the facility. Situated adjacent to Paradise Valley, the most affluent community in Arizona, the property also benefits from being located within 1-mile of two of Scottsdale’s largest and oldest master-planned communities.
The Talonvest team responsible for this assignment included Jim Davies, Erich Pryor, Mason Brusseau, Lauren Maehler, and Tom Sherlock.
About Talonvest Capital, Inc.
Talonvest Capital is a boutique real estate firm providing advisory services to self storage and commercial real estate investors, owners and developers nationally. The firm utilizes a unique, collaborative team approach, emphasizing the institutional knowledge and expertise gained over the past four decades by its team members, to deliver better capital solutions for its clients.
Thumbnail: Provided by Talonvest.