PRESS RELEASE

Talonvest Capital and Deca Companies Close $22.9 Million Construction Loan

November 13, 2024 — Newport Beach, CA

Self storage and commercial real estate advisory firm, Talonvest Capital, and their client, Deca Companies, are pleased to announce the closing of a $22,900,000 construction loan for the development of a 5-story storage facility in Daly City, CA.  The project will have approximately 63,000 net rentable square feet of climate-controlled storage space on a site with high visibility on Interstate 280.  After successfully battling through an arduous entitlement process, Deca’s development will bring new supply into an undersupplied trade area.    

The construction loan has a 36-month term with two one-year extension options, full-term interest-only payments, and prepayment flexibility. Stanley Zheng, Vice President Deca Companies commented, “Deca is thrilled to break ground on a high-visibility and iconic storage project. Talonvest was a valued advisor for Deca in our construction loan. We are thankful for our partners that made this happen, including the City of Daly City, Extra Self Storage, DAI, and Talonvest.”  

 The Talonvest team representing Deca on this assignment included Kim Bishop, Jim Davies, Mason Brusseau, Tom Sherlock, and Lauren Maehler. 

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.