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New York & Tri-State  + Outer  + Finance  | 
Hernandez Breaks Ground on 119,000-sf Self Storage

Talonvest Arranges $118M Refi on Self-Storage Portfolio

Talonvest Capital negotiated a $118,265,000 refinance loan for a Class A self- storage portfolio with assets located across Yonkers, Brooklyn, White Plains and Long Island City. Clutter, Inc. owns the four-property portfolio, with 320,819 net rentable square feet in 5,148 units.  

The non-recourse, low floating rate bridge loan was funded by a global investment management firm and featured a three-year initial term. Flexibility was created for the borrower via partial release provisions, prepayment flexibility, and two loan extension options.  

Ryan Stroud, Manager of Real Estate Investments at Clutter, saidd “Talonvest brought exceptional sector experience and relationships to the table, continually advocating for Clutter and keeping negotiations on track throughout the financing process.”  

The Talonvest team responsible for this assignment included Jim Davies, Kim Bishop, Eric Snyder, David DiRienzo, and Tom Sherlock.

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About Paul Bubny

Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 16-plus years’ experience covering the commercial real estate industry and 30-plus years in business-to-business journalism. In this capacity, he oversees daily operations while also reporting on both local/regional markets and national trends, covering individual transactions across all property types, as well as delving into broader subject matter. He produces 7-10 daily news stories per day and works with the Connect team and clients to develop longer-form content, ranging from Q&As to thought-leadership pieces. Prior to joining Connect, Paul was Managing Editor for both Real Estate Forum and GlobeSt.com at American Lawyer Media, where he oversaw operations at both publications while also producing daily news and feature-length articles. His tenure in B2B publishing stretches back into the print era, and he has served as Editor in Chief on four national trade publications. Since 1999, Paul has volunteered as the newsletter editor of passenger rail advocacy groups (one national, one local).

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