Talonvest Delivers $21.5 Million Loan for Los Angeles Property
December 22, 2022 — Irvine, CA
Talonvest Capital, Inc., a boutique self-storage and commercial real estate advisory firm, along with their client, William Warren Group, are pleased to announce the closing of a $21.5 million loan secured by a Class-A self-storage facility in Hawthorne, California. The facility has 107,285 net rentable square feet in 1,116 climate-controlled units and an additional 161 locker units totaling 5,350 NRSF. The property has electronic gate access, 24-hour digital surveillance, 24/7 rentals and support, and has been the only self-storage property delivered to the 3-mile trade area over the past four years. The floating rate loan was funded by a life insurance company lender and did not require the borrower to buy an interest rate cap; it also allowed for significant prepayment flexibility, with more than half of the loan term being open to prepayment.
Clark Porter, President of William Warren Group, commented, “We know the Talonvest Team advocates strongly on our behalf. Their tenacious efforts to secure favorable terms and market expertise continue to make our relationship invaluable.”
The Talonvest team members responsible for this transaction included Kim Bishop, Eric Snyder, Mason Brusseau, and Thalia Tovar.
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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