Talonvest Secures Permanent Loan

Talonvest Capital has secured a seven-year, fixed-rate loan with interest-only payments for the initial two years on behalf of Gramor Development Washington, the borrower. The $8.8 million permanent loan was provided by Transamerica Life Insurance Co. for Cubes Self Storage, a 65,902-rentable-square-foot facility in Covington, Wash.

The three-story building sits on 1.7 acres and features 594 climate-controlled units, wine storage, and 27 drive-up units. The Talonvest team included Director David DiRienzo, Senior Director Kim Bishop, Associate Ivan Viramontes, and Closing Manager Lauren Maehler.