PRESS RELEASE

Talonvest Capital Negotiates $16.8M Full Capital Stack for New Jersey Development 

April 30, 2024 — Newport Beach, CA

Talonvest Capital, Inc., a boutique self-storage and commercial real estate advisory firm, and Nuvo Development are pleased to announce a successfully tailored full capital stack which includes pari-passu joint venture equity investment as well as construction financing for a class A, self storage development in Magnolia, New Jersey.  The site is centrally located in the core of a strong residential suburb of northwest NJ, a few miles southeast of Philadelphia, with a population of 102,000 in a 3-mile radius.

Gary Cardamone, Chief Executive Officer at Nuvo, commented, “We couldn’t be more impressed with Talonvest’s ability to strategically advise and structure both debt and equity components for our development. They provided valuable insights and guidance, helping us optimize our capital stack to maximize returns while mitigating risk.”

The Talonvest team members responsible for this transaction included Britt Taylor, Jim Davies, Tom Sherlock, Mason Brusseau, 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.