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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.

