Talonvest Capital successfully obtains $185 million bridge loan

Successful Closing of $185 Million Loan for Class A Self-Storage Portfolio by Talonvest Capital, Metro Self Storage, and Fremont Realty Capital

Talonvest Capital, Inc. Secures $185 Million Loan for Self-Storage Portfolio Expansion

In a significant move for the self-storage industry, Talonvest Capital, Inc. has successfully closed a $185 million loan for a class A self-storage portfolio consisting of 20 properties across multiple states. Partnering with Metro Self Storage and Fremont Realty Capital, this loan will fuel the expansion of the portfolio, which includes properties in Illinois, Minnesota, Wisconsin, New Jersey, New York, and Pennsylvania.

The portfolio, totaling 1.55 million net rentable square feet, is strategically located in densely populated areas with strong demographics, making it an attractive investment opportunity. With limited new supply in the trade areas, Metro Self Storage has the opportunity to increase rents and drive revenue growth over the next three years.

Talonvest facilitated the non-recourse, 3-year floating rate bridge loan with no covenants and capped legal costs from a leading global alternative investment firm. This financing structure provides flexibility for Metro Self Storage to optimize cash flow and strategically manage the portfolio.

Martin Gallagher, President of Metro Storage LLC, praised Talonvest for their expertise and seamless transaction process, highlighting their ability to navigate complex negotiations and secure favorable terms. Dan Hryczyk, Chief Financial Officer, emphasized the importance of having a trusted partner like Talonvest to navigate the dynamic lending environment and develop a strategic financing plan.

The Talonvest team, led by Kim Bishop, Eric Snyder, Tom Sherlock, Mason Brusseau, and Lauren Maehler, played a crucial role in securing this financing deal. With over four decades of experience, Talonvest Capital continues to be a trusted advisor in the commercial real estate industry, providing tailored capital solutions for their clients.

For more information about Talonvest Capital Inc. and their services, visit https://talonvest.com. Contact Carole Stanley at cstanley@talonvest.com or 949.251.9900 for further inquiries.

[Photo: Talonvest Capital, Inc. – https://www.globenewswire.com/NewsRoom/AttachmentNg/181a14b2-4321-4540-90dc-c5a2f2cd6033]

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