Talonvest Capital Negotiates $31 Million Permanent Loan for Rosewood Property Company
November 8, 2023 — Irvine, CA
Talonvest Capital, Inc., a boutique self-storage and commercial real estate advisory firm, along with their client Rosewood Property Company, are thrilled to announce the successful closing of a $31.9 million life company loan for the acquisition of a three-property portfolio of self-storage assets in Vista, California; Tempe, Arizona; and Las Vegas, Nevada.
Strategically situated in proximity to major hubs, all ranking within the Top 20 Fastest Growing US Metros, the properties comprise a total of 2,101 units. The portfolio offers a diverse mix, including 238 climate-controlled units, 1,772 non-climate-controlled units, and 90 parking spaces.
Talonvest skillfully structured the ten-year financing to provide seven years of interest-only payments with the ability for full-term interest-only payments. Additionally, through the forces of competition, Talonvest negotiated a ten-basis point reduction at the rate lock. The non-recourse loan was funded by a life insurance company and included very competitive pricing.
Brandon Cooke, Vice President of Acquisitions at Rosewood Property Company, commented, “The Talonvest team has advised on many of our financings and, once again, delivered value through their capital market expertise. We deeply appreciate their meticulous attention to detail.”
The Talonvest team members responsible for this transaction included Kim Bishop, Tom Sherlock, Philippe Castillo, 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.
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