Talonvest Capital, Inc. arranged $64 million in refinancing for a five-property self-storage portfolio in California owned by SoCal Self Storage.
Talonvest, based in Newport Beach, said the financing was structured as 10-year, non-recourse, permanent loans through a securitized lender. The deal features interest-only payments for the full term at fixed rates.
The portfolio includes self-storage properties in Hollywood, Pasadena, Northridge, Rancho Santa Margarita and Sacramento, totaling 3,643 storage units and 344,616 square feet.
Talonvest team members Eric Snyder, Kim Bishop, Mason Brusseau and Lauren Maehler handled the financing arrangement.
