Category: Finance News

JLL has arranged $15.534 million in construction financing for Badger Road, Bend Self Storage, a ground-up self-storage facility located at 20130 Badger Rd. in Bend, Oregon. JLL worked on behalf of the borrower, Signal Ventures, to secure the loan through Live Oak Bank. The shovel-ready development will deliver 118,800 gross square feet encompassing 92,584 net rentable square feet across 877 climate-controlled units on a strategically positioned 1.87-acre site. The JLL Capital Markets team was led by Directors Jonah Aelyon, Taylor Gimian, and John Williamson. The transaction follows JLL’s National Self…

Marcus & Millichap Capital Corporation (MMCC), a leading provider of commercial real estate capital markets financing solutions, arranged $12 million in financing for two self-storage properties located in Florida City, Florida and Hiram, Georgia. The properties are both operated by Compass Self Storage and total 133,150 square feet. Doug Brooks, managing director in MMCC’s Columbus office, secured 5-year financing with a national investment firm on behalf of a construction, development and management company specializing in self-storage projects and business parks. “The self-storage sector remains resilient, with sustained investor interest driven…

JLL Capital Markets arranged construction financing for Extra Space Hillsborough, a 709-unit, 105,663-square-foot self-storage development to be built at 35 Bedle St. in Hillsborough, Somerset County, NJ. A JLL team of Michael Klein, Nazario Paragano and Michael Donohoe worked on behalf of the borrower, Shadowbrook Capital, to secure the five-year construction and bridge loan through Provident Bank. Terms were not disclosed. “Shadowbrook Capital presented a compelling opportunity by identifying a clear need for high-quality self-storage in this underserved market,” said Paragano. “The combination of a premier sponsor, a strategic location with…

Talonvest Capital, Inc. arranged $64 million in refinancing for a five-property self-storage portfolio on behalf of SoCal Self Storage, a Southern California owner-operator with nearly four decades of experience. Eric Snyder, Kim Bishop, Mason Brusseau and Lauren Maehler were among the Talonvest team members responsible for the transaction The financings were structured as 10-year, non-recourse permanent loans through a securitized lender, featuring full-term interest-only payments at fixed rates, no cash management, and highly competitive spreads. Talonvest further enhanced the execution by negotiating key borrower-friendly terms, ranging from the waiver of…