Talonvest Secures Financing for StorQuest Properties

Posted by Modern Storage Media on Nov 8, 2023 9:18:20 PM

Talonvest Capital Inc. has secured a total of $67.3 million in financing on behalf of William Warren Group (WWG). The permanent loans were closed in two separate self-storage portfolio transactions: One portfolio included seven assets in Florida, Colorado, and Arizona, for which a global investment bank provided a 10-year, non-recourse loan with full-term interest-only payments; the second included properties in Florida, Nevada, and California, for which a credit union provided the financing.

 

In the second portfolio, Talonvest negotiated a structure that allowed for cash out and an early rate lock; the non-recourse, five-year loan had two years of interest-only payments. The facilities operate under the StorQuest Self Storage brand.

 

The Talonvest Capital team for these transactions included Senior Director Relationship Management Kim Bishop, Co-Founding Principal Eric Snyder, Associate Mason Brusseau, Analyst Ivan Viramontes, and Closing Manager Lauren Maehler.