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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 financed properties are optimally situated in suburbs, roughly 30 minutes away from the bustling cities of Nashville, Tampa, Orlando, and Atlanta. This geographical positioning aligns with Metro Self Storage’s strategy to target areas with growing demand for storage solutions. The financing, a non-recourse 5-year loan, boasts a fixed rate and interest-only payments throughout its term, offering financial flexibility and stability to the borrower. Secured through a debt fund, this deal underscores the trust and confidence in Metro Self Storage’s operational success and growth potential.
Dan Hryczyk, Chief Financial Officer at Metro Self Storage, commended the Talonvest team for their exceptional service and expertise. “The Talonvest team consistently delivers results. Their insightful guidance and unparalleled expertise have continuously positioned us for success,” said Hryczyk. The Talonvest professionals involved in orchestrating this transaction include Kim Bishop, Eric Snyder, Tom Sherlock, Philippe Castillo, and Lauren Maehler, whose collaborative efforts have once again yielded fruitful results for their client.
About Talonvest Capital, Inc.
Boasting over four decades of experience, Talonvest Capital, Inc. stands as a premier advisory firm in the commercial real estate sector, specializing in innovative lending programs and capital market trends for various property types. The firm’s boutique approach, leveraging its team’s collective institutional knowledge and maintaining high engagement levels throughout the entire process, has distinguished Talonvest as a leader in delivering tailored capital solutions across the United States. This recent transaction further solidifies Talonvest’s reputation for excellence and its ability to facilitate significant capital placements for its clients.
This successful financing deal not only exemplifies Talonvest Capital’s expertise in navigating the complexities of the commercial real estate market but also highlights the growing attractiveness of suburban locations for major storage operators like Metro Self Storage. As the demand for storage solutions continues to rise, partnerships like that of Talonvest and Metro Self Storage are set to pave the way for further expansion and success in the industry.
