PRESS RELEASE

Talonvest Capital Negotiates a $13.4M Full Capital Stack for North Charleston Development

April 11, 2025 — Newport Beach, CA

Talonvest Capital, Inc., a boutique advisory firm specializing in self-storage and commercial real estate, successfully secured a $4.7 million joint venture equity investment and an $8.7 million construction loan on behalf of repeat client, Wedgewood Avenue. Upon completion, the development will be a Class A, multi-story self-storage facility in North Charleston, SC. The project will feature 826 climate-controlled units across 86,000 square feet on a 4.14-acre site.

On this assignment, Talonvest successfully created and managed a robust lender competition which resulted in both recourse and spread improvements that significantly benefited the borrower. Specifically, negotiations resulted in 40% limited recourse that burns down to 20% upon reaching a threshold income level and a competitive credit spread of 290 bps for a 65% leverage level.  The construction loan has a 48-month term with full-term interest-only payments.

Beau Fowler, Managing Principal of Wedgewood Avenue, commented, “Talonvest’s deep market knowledge continues to impress us and their ability to structure the full capital stack has been invaluable in optimizing our development.”

The Talonvest team responsible for this transaction included Anna Siradze, Britt Taylor, Eric Snyder, Ivan Viramontes, 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.