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Talonvest Capital Secures $41,250,000 Bridge Loan from REIT

Dec 02, 2024•over 1 year ago

Contract Type

contract

IrvineFinancial ServicesReal Estate

Description

Talonvest Capital, Inc. has closed a $41,250,000 bridge loan from a REIT for a state-of-the-art, Class-A, storage property located in densely populated San Gabriel, CA. The loan proceeds will be used to pay off existing construction debt, fund necessary reserves, and cover all loan-related costs. The loan includes a 3-year term with two extension options and full-term interest-only payments.

Company Information

Company

Talonvest Capital

Location

Irvine, California, United States

About

Talonvest Capital is a boutique real estate firm that provides advisory services to self-storage and commercial real estate investors, owners, and developers throughout the United States.

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