Talonvest Adds More Professionals & Negotiates $33M Life Company Perm Loan For Portfolio
08/03/22, 6:23 PM
Location
irvine
Money raised
$33 million
Industry
real estate
financial services
Talonvest Capital, Inc. and Crist Property Company are proud to announce the recent closing of $33,000,000 in permanent financing for the refinance of six assets in California. The self storage facilities located in the cities of Stockton, Salinas, Tracy, Modesto, Paso Robles, and Hollister total over 351,000 net rentable square feet, include 329 parking spaces, and have occupancy levels ranging from 94% to 99%. The non-recourse, cash-out refinance loans, funded by a Chicago headquartered insurance company, featured an early rate lock at application during a period of rising interest rates as well as funds to complete the expansion / build-out at one of the facilities and to install solar at all properties