Talonvest Secures Life Company Loan for 1,800-Unit Self-Storage Portfolio

Talonvest Capital arranged $53,500,000 in financing with a life insurance company for three California self-storage properties on behalf of Investec Real Estate Companies. The portfolio totals 1,818 units and 243,496 net rentable square feet across properties in Highland, Goleta and Murrieta.

A Talonvest team including Andrew Marshall, Kim Bishop, Mason Brusseau and Lauren Maehler arranged a five-year, full-term interest-only loan and negotiated a 15-basis-point improvement in pricing, generating approximately $400,000 in interest savings over the loan term.

The financing also benefited from an early rate lock, protecting the borrower from the subsequent increases in interest rates prior to closing. The loan carries no cash management requirements, with both pricing and structure outperforming a competing proposal from an existing banking relationship through the private wealth division of a national money-center bank.

Kenny Slaught, President of Investec Real Estate, commented, “Talonvest understood our objectives, identified the right capital source, and delivered a loan that exceeded our expectations. Their capital markets expertise and ability to negotiate superior terms created meaningful value for our portfolio.”

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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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