Talonvest Capital arranged a $45 million senior bridge loan to refinance a self-storage property owned by 1784 Holdings in Goleta, California. The facility totals 95,523 net rentable square feet across 972 climate-controlled units and is operated by Extra Space Storage. The loan carries a three-year initial term with two one-year extension options.
The deal adds to a pattern of bridge financing activity in California coastal markets, where well-located, institutionally managed assets continue to draw lender interest.
Source: RE Business Online
