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Home : $58M Loan Negotiated for 21 Property Self Storage Portfolio
Oct 12
2016

$58M Loan Negotiated for 21 Property Self Storage Portfolio

IRVINE, CA--(Marketwired - October 11, 2016) - Boutique self storage and commercial real estate advisor Talonvest Capital, Inc. recently orchestrated a competitive bid among a variety of lenders for a $58 million loan secured by a portfolio of 21 properties located in Texas, Tennessee, California and Wisconsin. While banks, life companies, and CMBS lenders were considered, the loan was structured and closed with a large, national bank. The financing was completed on behalf of Devon Self Storage, one of the top private self storage operators in the country, and their institutional JV equity partner.
Source:http://www.marketwired.com/mw/release.do?id=2165697&sourceType=3
 
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