Category: Finance News

Talonvest Capital and Metro Self Storage finalize a $22.5 million financing deal for expansion across the southeastern US, marking significant growth. Talonvest Capital, Inc., teamed up with Metro Self Storage to finalize a substantial $22.5 million financing agreement for a portfolio encompassing four properties across the southeastern United States. This strategic move bolsters Metro Self Storage’s presence in key suburban areas near Nashville, Tampa, Orlando, and Atlanta. With a total of 2,382 units and 282,396 net rentable square feet, this deal marks a significant expansion for the storage company. The…

Silver Star Properties REIT, Inc. (“Silver Star” or the “Company”) is a self-managed real estate investment trust that is currently repositioning in an orderly manner into the self-storage asset class. Hartman SPE, LLC (the “SPE”), an indirect subsidiary, which owns legacy office, retail, and industrial properties today announced “the United States Bankruptcy Court for the District of Delaware confirmed in all respects the SPE’s Combined Disclosure Statement and Chapter 11 Plan.” Under the Chapter 11 Plan, the SPE will continue to conduct an orderly sale of its assets to pay…

Talonvest Capital Inc. has secured a $53 million construction loan on behalf of 1784 Holdings LLC, for the development of a Class A self-storage facility in Bethesda, Maryland. According to Montgomery County records, the loan retires previous debt. The unpaid outstanding principal on the original mortgage refinanced was $20 million. The Ardent Cos. provided the financing. The note has a maturity date set for 2026, includes two extension options, full-term interest-only payments, an earnout funding upon receipt of the full certificate of occupancy and no lease-up covenants. The Talonvest Capital…

SafeLease, the leading provider of self-storage tenant protection and risk management products, today announced the launch of SL Storage Partners, a sister company built to serve self-storage facility owners seeking financing solutions or exit opportunities. SL Storage Partners will focus on direct lending and acquisitions of self-storage facilities across North America. SL Storage Partners and its affiliates are backed by $250 million of equity capital. The Company is positioned to move quickly and offer execution strength across a broad range of capital transactions, including bridge, mezzanine, and preferred equity financings,…

Knickpoint Ventures is developing 36th Street Storage, a self-storage project consisting of 1,160 storage units or 98,488 rentable square feet located in Miami. Knickpoint acquired the 1-acre site for $4.6 million in 2022 and concluded the planning and entitlement efforts in 2023. The land was a used car lot before Knickpoint purchased it. Knickpoint engaged the Aztec Group to source construction financing for the project. The Aztec Group arranged $18.3 million in construction financing for the deal. The financing opportunity of 36th Street Storage was awarded to Bank Hapoalim. 36th…

10 Federal, a prominent operator in the self-storage sector, proudly announces a significant achievement with a successful capital raise surpassing $16 million in the fourth quarter of the year for their 4th Self Storage offering. This latest accomplishment marks a large milestone, bringing the total capital raised by 10 Federal’s fourth offering to a noteworthy $96 million. Andrew Capranos, President of 10 Federal, expressed gratitude, stating, “We are immensely pleased with the trust from our valued investor base, reaching a cumulative capital raise of $96 million since the offering’s inception…

Gantry secured a total of $17.6 million in permanent loans to refinance a pair of Bay Area self-storage facilities. The life company financings funded the sponsor at $9.5 million for SAF Keep San Ramon and $8.1 million for SAF Keep Hayward, which totals 244,605 square feet of rentable space. Principal Tom Dao and associate Erinn Cooke with Gantry’s dedicated Self Storage Financing Team secured the financing on behalf of the borrower, a private real estate entity. The 10-year loans were sourced from one of Gantry’s correspondent life company lenders and…