Talonvest Closes Two Loans

Talonvest Capital, Inc., recently closed two assignments for 1784 Capital Holdings. A $12.25-million construction loan was negotiated for the development of a Class A climate-controlled storage facility in Old Town Scottsdale, Ariz. A $10.25-million bridge loan was secured to refinance a high-exposure project in Tucson, Ariz. Both loans were funded by a global commercial real estate firm and included non-recourse, floating rate financing with interest-only payments for the initial loan term. The Talonvest team responsible for these assignments included Erich Pryor, Jim Davies, David DiRienzo, and Lauren Maehler.