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Carole Stanley
PRESS RELEASE
Talonvest Structures $33.4M in Bank Perm Loans for TX and AZ Properties
August 28, 2024 — Newport Beach, CA
Talonvest Capital, Inc. is proud to announce the recent closing of a $22,255,000 non-recourse, bank-funded, permanent loan for a Class A self storage portfolio on behalf of The Jenkins Organization and Clark Investment Group. The three Texas properties located in Dallas (1) and Austin (2) were delivered in 2018 and contain 253,425 NRSF across 2,118 climate, non-climate, and drive-up units. The 5-year fixed rate loan and longer than normal open window for prepayment gives the ownership future flexibility, interest-only payments for the full loan term maximizes cash yields, and the loan sizing provides for a return of equity.
Within the same month, Talonvest negotiated another loan on behalf of Clark Investment Group for an institutional quality asset located at 2440 East Union Hills in Phoenix, Arizona. The $11,150,000 cash out, non-recourse refinance loan features a 10-year loan, full term interest only payments, and an attractive fixed interest rate obtained through a competitive bid orchestrated by Talonvest. Bob Baker, President of Clark Investment Group, commented “We work with Talonvest because of their relationships with an extensive network of lenders, their support through the closing, and because they always deliver results for us.” The Talonvest team responsible for these assignments included Tom Sherlock, Kim Bishop, Britt Taylor, Ivan Viramontes, and Lauren Maehler.
![Union Hills_Cropped William Warren Group - 13 Property Portfolio](https://talonvest.com/wp-content/uploads/2024/08/Union-Hills_Cropped.jpg)
About Talonvest Capital, Inc.
Talonvest Capital is a boutique real estate firm providing advisory services to self-storage and commercial real estate investors, owners, and developers throughout the United States. The firm utilizes a collaborative team approach, emphasizing the team member’s institutional knowledge and expertise gained over the past four decades to structure superior capital solutions for its clients.
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