Talonvest Arranges $57.7M Refi on 7 Florida Self-Storage Facilities

Talonvest Capital arranged $57.7 million in financing for seven Florida self-storage properties on behalf of HPI Real Estate Services & Investments. The portfolio consists of institutional-quality, Class A self-storage assets developed and acquired by HPI between 2021 and 2024.

Located across Florida, the properties total 4,598 units and 486,769 net rentable square feet. The financing consisted of a non-recourse debt fund loan structured with a two-year initial term and three one-year extension options. Talonvest secured interest-only payments throughout the initial term. The financing also featured a prepayment structure with no exit fee and an 18-month cash management holiday, providing additional flexibility during the lease-up and stabilization period.

Eric Snyder, Kim Bishop, Carson Kurland, and Lauren Maehler were among the Talonvest team members responsible for arranging the financing.