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10 Federal Self Storage Acquisition Company 1, LLC, has sold the remaining eight self-storage properties in its portfolio to Frigatebird Investments

Talonvest Arranges $46M Construction Loan on Bethesda Storage Facility

Talonvest Capital, Inc. and its client, 1784 Capital Holdings, have closed a $45,500,000 construction loan for the ground-up development of a self-storage facility in Bethesda, MD. The loan from an institutional investment firm’s lending platform features a competitive interest rate, a three-year loan term with an extension option, and prepayment flexibility.  

The property will consist of 131,559 net rentable square feet of climate-controlled space in approximately 1,560 units on nine levels. It will be located adjacent to destination retail, commercial services, high-rise luxury apartments, and condominium buildings.

Shane Albers, chairman and CEO of 1784 Capital Holdings, said, “Talonvest was tenacious in keeping this loan moving forward and successfully negotiated several key points, which will allow us to maintain key project performance metrics in this rising commodity price environment.” 

The Talonvest team members responsible for this assignment included Jim Davies, Erich Pryor, Mason Brusseau, 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 13-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 15-20 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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