{"id":1331,"date":"2021-10-25T17:10:45","date_gmt":"2021-10-25T17:10:45","guid":{"rendered":"http:\/\/listselfstorage.com\/us\/industry-insights\/?p=1331"},"modified":"2021-10-25T18:56:53","modified_gmt":"2021-10-25T18:56:53","slug":"clutter-refinances-new-york-self-storage-properties-with-118m-loan","status":"publish","type":"post","link":"https:\/\/listselfstorage.com\/us\/industry-insights\/clutter-refinances-new-york-self-storage-properties-with-118m-loan\/","title":{"rendered":"Clutter Refinances New York Self Storage Properties with $118 Million Loan"},"content":{"rendered":"


\nLos Angeles-based storage operator Clutter has refinanced a four-property portfolio it owns in the New York metro area with a\u00a0 $118.3 million bridge loan. The non-recourse loan was negotiated by Talonvest Capital Inc. and features a low floating rate and a three-year term with two extension options.<\/p>\n

The level of support we received from Talonvest in managing and executing the lender process was phenomenal. We truly benefited from partnering with a team that understood our needs and kept our best interest in mind.”<\/p><\/blockquote>\n

The four-property portfolio is located in Yonkers, Brooklyn, White Plains, and Long Island City. The facilities offer a combined 320,819 net rentable square feet and a total of 5,148 storage units, as well as 115 parking spaces and more than 12,000-square-feet of other commercial space.<\/p>\n

\u201cThe level of support we received from Talonvest in managing and executing the lender process was phenomenal. We truly benefited from partnering with a team that understood our needs and kept our best interest in mind,\u201d said Anna Siradze, head of self storage acquisitions at Clutter.<\/p>\n

\"\"<\/p>\n

Jim Davies, Kim Bishop, Eric Snyder, David DiRienzo and Tom Sherlock of Talonvest worked on the assignment, securing the loan from a global investment management firm.<\/p>\n

Clutter began as a startup offering valet storage, picking up items from customers\u2019 homes and storing them in warehouses. In 2019, it acquired the New York self storage portfolio from Storage Fox for $152 million<\/a>. That purchase was funded by a $116 million floating-rate mortgage loan from Colony Credit Real Estate, Inc.<\/p>\n

New associates<\/h3>\n

In related news,\u00a0Talonvest<\/a> announced the hirings of two new associates: Ivan Viramontes as Analyst and Associate and Thalia Tovar as Loan Administration. The new hires support the firm\u2019s \u201cexpanding business with experienced real estate owner-operators and the development of more institutional clients.\u201d<\/p>\n

\u201cIvan and Thalia are driven, team-oriented professionals with a passion for delivering value to our clients and their financings\u201d said Tom Sherlock, co-founding principal of Talonvest Capital.<\/p>\n

Source<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Los Angeles-based storage operator Clutter has refinanced a four-property portfolio it owns in the New York metro area with a\u00a0 $118.3 million bridge loan. The non-recourse loan was negotiated by Talonvest Capital Inc. and features a low floating rate and a three-year term with two extension options. The level of support we received from Talonvest in managing and executing the lender process was phenomenal. We truly benefited from partnering with a team that understood our needs and kept our best interest in mind.” The four-property portfolio is located in Yonkers,…<\/p>\n","protected":false},"author":7,"featured_media":1332,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":[],"categories":[4],"tags":[],"gutentor_comment":0,"_links":{"self":[{"href":"https:\/\/listselfstorage.com\/us\/industry-insights\/wp-json\/wp\/v2\/posts\/1331"}],"collection":[{"href":"https:\/\/listselfstorage.com\/us\/industry-insights\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/listselfstorage.com\/us\/industry-insights\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/listselfstorage.com\/us\/industry-insights\/wp-json\/wp\/v2\/users\/7"}],"replies":[{"embeddable":true,"href":"https:\/\/listselfstorage.com\/us\/industry-insights\/wp-json\/wp\/v2\/comments?post=1331"}],"version-history":[{"count":3,"href":"https:\/\/listselfstorage.com\/us\/industry-insights\/wp-json\/wp\/v2\/posts\/1331\/revisions"}],"predecessor-version":[{"id":1339,"href":"https:\/\/listselfstorage.com\/us\/industry-insights\/wp-json\/wp\/v2\/posts\/1331\/revisions\/1339"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/listselfstorage.com\/us\/industry-insights\/wp-json\/wp\/v2\/media\/1332"}],"wp:attachment":[{"href":"https:\/\/listselfstorage.com\/us\/industry-insights\/wp-json\/wp\/v2\/media?parent=1331"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/listselfstorage.com\/us\/industry-insights\/wp-json\/wp\/v2\/categories?post=1331"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/listselfstorage.com\/us\/industry-insights\/wp-json\/wp\/v2\/tags?post=1331"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}