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Talonvest Capital, Inc., a boutique self-storage and commercial real estate advisory firm, is thrilled to announce the closing of a $65,000,000 non-recourse bridge loan for a seven-asset self storage portfolio located in Texas, Florida, and North Carolina. The loan, secured on behalf of a joint venture between Andover Properties and Angelo Gordon, was funded by a global real estate investment management firm.
The portfolio has five physically stabilized properties and two lease-up assets and included several nuances, including recently completed and to-be-completed expansions. The properties are in high-visibility locations within growing markets and total over 597,000 square feet across 3,963 units.
Brian Cohen, CEO of Andover Properties, commented, “We consider Talonvest to be a trusted and integral partner in our business. Their track record of successfully securing favorable terms for our deals, regardless of complexity, is invaluable, and their dedication to the process makes working with their team seamless and collaborative.”
The Talonvest team members responsible for this transaction included Kim Bishop, Jim Davies, Tom Sherlock, Mason Brusseau, and Lauren Maehler.
Contact:
Daniela Valencia
Talonvest Capital, Inc.
949.387.2368
[email protected]
