Category: Finance News

Eastern Union Secures $18.5 Million to Refinance Construction of Multifamily, Mixed-Use Property in Manchester, NH

Eastern Union, one of America’s largest commercial real estate mortgage brokerages, has arranged an $18.5-million loan to refinance construction of a 77-unit, multifamily, mixed-use development in Manchester, NH. The 12-month mortgage was secured by loan consultant Yossi Rubin and loan originator Chaskel Horowitz. The eight-story, 98,000-square-foot building, presently under construction, is located at 31 Central Street near the University of New Hampshire and the Southern New Hampshire University Arena. Construction is expected to be completed by the end of this year. “We are grateful that we were able to connect…

Talonvest Capital Closes $25.2M Bridge Loan for Their Newly Developed Self-Storage Facility in Vista, CA

Talonvest Capital, Inc., a boutique self storage and commercial real estate advisory firm, is pleased to announce the closing of $25,250,000 non-recourse, bridge loan on behalf of Clear Sky Capital and their institutional equity partner for their newly developed, 1,484-unit Class A self-storage facility with 132,695 square feet of rentable area that also contains 45 vehicle/RV parking stalls. The property is located at 510 N Avenue in Vista, CA. Despite the increased market volatility in the second quarter, Talonvest successfully sourced multiple competitive financing options, with 40% of the lender…

Invesco Real Estate Income Trust Inc. Fully Subscribes IREX II Self-Storage Portfolio DST Offering

Invesco Real Estate Income Trust Inc. (“INREIT”), an institutionally managed public non-listed REIT, announced it has fully subscribed IREX II Self-Storage Portfolio Delaware Statutory Trust (DST), which raised $85.7 million in aggregate. The IREX II Self-Storage Portfolio DST consists of eight self-storage properties diversified in four states (TN, TX, NC, and OR) and 3,894 total rental units across 463,495 of net rentable square feet. The asset was sourced by Invesco Real Estate Income Trust Inc. (“INREIT”), which has a $945.3M total asset value as of May 31, 2025, diversified by…

Affinius Capital Originates $33.5 Million Loan to Refinance Storage Portfolio Located Across 7 Markets in Five US States

Affinius Capital LLC announced today the origination of a $33.5 million refinancing loan for a 10 Federal self-storage portfolio, which includes 13 self-storage facilities spanning 3,600 units across five states. Properties in the geographically diversified portfolio are located in Colorado, Georgia, North Carolina, Texas, and Tennessee. The loan will support the portfolio’s ongoing lease-up efforts and operational stabilization. Affinius Capital Senior Vice President Tyler Figley commented, “This transaction represents a compelling opportunity to expand our presence in self-storage, a growing asset class that adds meaningful diversification to our portfolio. We…

Talonvest Secures $17.8 Million in Financing for a Four-Property Self-Storage Portfolio Across Southern California and Arizona

Talonvest Capital, Inc., a boutique commercial real estate mortgage brokerage firm, is pleased to announce the successful closing of a $17,800,000 refinance loan on behalf of Tierra Corporation for a four-property self-storage portfolio located across high-demand markets in Southern California and Arizona. The portfolio includes properties in Riverside, Redlands, and Indio, California, as well as Yuma, Arizona. In total, the facilities span 377,939 net rentable square feet and comprise 2,252 non-climate-controlled drive-up units, 25 climate-controlled units, 4 manager units, and 198 RV parking spaces. The non-recourse, CMBS execution loan was…

Gantry Arranges Financing for Self-Storage Properties in Bay Area and Santa Barbara, CA

Gantry has secured a total of $31.76 million of permanent loans to refinance three separately owned California self-storage facilities since the start of 2025, including two Bay Area properties. The most recent loan provided $9.76 million in May to refinance an 829-unit facility managed by ExtraSpace located at 224 N A St in Lompoc, a Central Coast community in Santa Barbara County. The second loan provided $10 million in April to refinance the 654-unit StoreLocal Oakley facility located at 4700 Main St. in Oakley, an eastern Bay Area suburb in…

Talonvest Negotiates $66.1 Million of Construction Loans for Self Storage Facilities in Hollywood, CA and Bordentown, NJ

Talonvest Capital, Inc., a boutique mortgage brokerage firm, is pleased to announce $66,100,000 of construction loan closings for its long-time client, 1784 Holdings, LLC. The first transaction was a $46,700,000 construction loan for the development of a state-of-the-art self storage facility located on a prime thoroughfare in North Hollywood, CA. The property will have almost 98,000 net rentable square feet across 1,144 climate-controlled units. The second financing was a $19,400,000 construction loan for a premier self-storage development in Bordentown, NJ. Situated on 5.4 acres, the project will offer over 77,000…

North Palisade Partners Lands $55 Million for Self-Storage Facility in Los Angeles, CA

North Palisade Partners has obtained $55 million for the refinancing of its 3,039-unit self storage facility at 1920 Randolph St. in Los Angeles. By issuing the five-year bridge loan, Goldman Sachs Alternatives originated one of the largest financing packages for a single-asset self-storage property in Southern California. CBRE arranged the transaction. Proceeds retire existing debt. In 2022, Buchanan Street Partners provided two separate construction loans for North Palisade’s facility totaling $55.2 million, according to Yardi Matrix information. Completed in the first quarter of this year, the three-story, 214,000-net-rentable square-foot facility…

Rosewood Lands $125 Million Refinance for Storage Portfolio Across Five States in the US

Dallas-based Rosewood Property Co. has secured a $125 million refinancing loan for a 19-property self-storage portfolio under its ownership. PGIM Real Estate, Prudential Financial’s real estate investment and financing division, arranged the loan, while Newmark represented the borrower in the transaction. The portfolio encompasses 9,970 units across 1.2 million rentable square feet. The facilities are located in five different states, with 13 of them in Pennsylvania, three in Maryland and one each in New Jersey, Indiana and Kentucky. The portfolio has been under Rosewood’s ownership for more than a decade,…

Nuveen Real Estate Announces $150 Million Allocation from CalSTRS to Invest in Self-Storage Sector in the US

Nuveen, the investment manager of TIAA and one of the largest real estate managers in the world with $141 billion in real estate assets under management, has announced the closing of a separately managed account for the California State Teachers’ Retirement System (CalSTRS) to invest in self-storage assets across the United States. This strategic collaboration includes an initial equity commitment of $150 million from CalSTRS, alongside a 10% equity commitment of $16.6 million from the TIAA General Account for a total allocation of $166.6 million. The strategy will focus on…