California CRE News In Your Inbox.
Sign up for Connect emails to stay informed with CRE stories that are 150 words or less.
Talonvest Secures Refi for Five-Property Self-Storage Portfolio
Talonvest Capital, Inc. arranged a $40.2-million refinance loan for a five-property self-storage portfolio on behalf of longstanding client William Warren Group, a privately held self-storage investment and management firm. The five-year, non-recourse permanent financing featured full-term interest-only payments.
During the rate lock process, as broader credit markets widened, Talonvest actively negotiated the lender down by 11 basis points, delivering the borrower an estimated savings of more than $200,000. The Talonvest team of Eric Snyder, Kim Bishop, Carson Kurland, Mason Brusseau and Lauren Maehler coordinated the simultaneous closing of all five properties in under 40 days.
“Working with Talonvest allowed us to secure a highly competitive loan structure that aligns well with our long-term ownership strategy,” said Clark Porter, president & CFO of William Warren Group. “Their ability to create lender competition and negotiate improved terms delivered meaningful value across the portfolio.”
The portfolio totals 4,061 units across New York, Connecticut, Arizona, Colorado and Florida.
- ◦Financing
