IN THE NEWS
Talonvest Negotiates $13.8 Million Loan for Seattle Property & Announces Recent Promotion of Erich Pryor
February 4, 2020 – MarketWatch
Talonvest Capital, Inc., a boutique self storage and commercial real estate advisor, secured a $13,800,000 permanent loan on behalf of Catalyst Storage Investors, a property owner specializing in the U.S. self storage real estate market. The non-recourse, 10-year, fixed rate, full-term interest only loan funded by a CMBS lender was secured by a Class A asset located at 3736 Rainier Avenue South in Seattle, Washington. The facility was developed by the borrower in 2014 and features 851 climate-controlled units and 64,689 net rentable square feet. The property is conveniently located approximately 3.5 miles southeast of Downtown Seattle and benefits from its location on a major arterial road with high traffic counts as well as its proximity to multiple retailers including Walgreen’s, Safeway and Lowe’s Home Improvement. View Full Story.