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Talonvest Arranges $48M Financing for Geographically Diverse Self-Storage Portfolio
Newport Beach-based Talonvest Capital has arranged $48 million in financing for six self-storage properties on behalf of BRB Development, a family-owned company headquartered in Winnetka, IL. Eric Snyder, Kim Bishop, Carson Kurland, Mason Brusseau and Lauren Maehler were among the Talonvest team members responsible for this transactio
The financing consisted of a seven-year, non-recourse refinance provided by a life company, featuring full-term interest-only payments and a flexible structure tailored to the borrower’s objectives. Talonvest secured an early rate lock, a 12-month open prepayment window, and negotiated over $500,000 in interest savings over the life of the loan.
The portfolio comprises 5,006 self-storage units, two retail units and 497,185 net rentable square feet across a geographically diverse set of markets in Florida, New Jersey, Minnesota, Connecticut and Illinois. Each property benefits from compelling local market dynamics, including high-growth Florida markets, commuter-oriented Northeast suburbs and established Midwest communities.
- ◦Financing
