PRESS RELEASE

Talonvest Arranges $80 Million Financing for Eight-Property, Southeast Self-Storage Portfolio

December 24, 2024 — Newport Beach, CA

Talonvest Capital, Inc., a boutique self-storage and commercial real estate advisory firm, is pleased to announce that it has arranged $80 million in non-recourse financing on behalf of Rialto Capital Management, LLC for a multi-state self-storage portfolio with approximately 705,000 net rentable square feet operating under the Your Storage Units brand. The portfolio consists of assets located across Florida (5), South Carolina (2), and Georgia (1) which benefit from strong population growth, high visibility, easy access, and high average household income.

The two-year, non-recourse bridge loan was provided by a well-established private commercial real estate credit manager and features three one-year extension options with interest-only payments during the original term and the first two extension options.  A competitive bid process drove floating rate pricing to an attractive level and resulted in a long window to prepay without penalty.  Additional flexibility was created for the borrower via individual release provisions for third-party asset sales.

Talonvest Senior Director, Kim Bishop, commented, “Talonvest’s extensive lending relationships, industry expertise, and ability to create a broad market outreach led to a highly competitive process through which we secured favorable financing terms. Collaborating with the Rialto team was an outstanding experience.”

Eric Snyder, Tom Sherlock, Kim Bishop, Philippe Castillo, and Lauren Maehler were among the Talonvest team members responsible for this transaction.

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.