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The site is uniquely positioned adjacent to two recently delivered RV\/Boat storage facilities and, upon completion, will consist of 373 climate-controlled units and 461 drive-up units totaling 114,752 NRSF.”<\/span><\/span><\/span><\/p><\/blockquote>\n
Talonvest Capital, Inc., a boutique self storage and commercial real estate advisory firm, along with their client, Madison Capital, is pleased to announce the successful closing of a $14.1 million loan for the construction of a single-story class A, self storage development located at the Southeast Corner of Wabash Ave and Naples Ave in Redlands, CA.<\/span><\/span><\/span><\/p>\n
The site is uniquely positioned adjacent to two recently delivered RV\/Boat storage facilities and, upon completion, will consist of 373 climate-controlled units and 461 drive-up units totaling 114,752 NRSF. Development completion is expected in Q1 of 2024. Talonvest negotiated a three-year loan that did not require a depository relationship. Terms secured from a regional bank included interest-only payments at an attractive spread and extension options.<\/span><\/span><\/span><\/p>\n
Ryan Hanks, Founder and CEO of Madison Capital, commented, \u201cThe Talonvest team’s real-time knowledge about capital providers\u2019 capacity and appetite for new business proved invaluable. Their disciplined approach resulted in a seamless loan process for us despite the difficult market for construction projects.\u201d<\/span><\/span><\/span><\/p>\n
The Talonvest team members responsible for this transaction included Kim Bishop, Ivan Viramontes, Eric Snyder, and Lauren Maehler.<\/span><\/span><\/span><\/p>\n
About Talonvest Capital, Inc.:<\/b><\/i><\/span><\/span><\/span><\/p>\n
Talonvest Capital, Inc. is a boutique real estate firm providing advisory services to commercial and self storage real estate investors, owners, and developers throughout the United States. The firm utilizes a unique collaborative team approach and four decades of institutional knowledge and expertise from the team members to deliver better capital solutions for its clients.<\/span><\/span><\/span><\/p>\n
Contact:<\/span><\/span><\/span><\/em><\/span><\/p>\n
Daniela Valencia
\n<\/span><\/span><\/span>Talonvest Capital, Inc.
\n<\/span><\/span><\/span>949.387.2368
\n<\/span><\/span><\/span>dvalencia@talonvest.com<\/span><\/a><\/span><\/span><\/span><\/p>\n