IRVINE, CA-Talonvest Capital, Inc. successfully negotiated and closed $116.2 million in financings for Metro Storage related entities.
The loans have 10-years of interest only payments with fixed rates in the low 5% range; they are non-recourse and secured by self storage properties located in Illinois, Florida, and Georgia. Financing was provided by a New York based commercial real estate finance company.
Matt Nagel, chairman of Metro Storage, LLC shared that “Talonvest took advantage of the market dynamics and battled to the very end to get us the maximum proceeds available on a 10-year interest only basis. The admirable manner in how Talonvest approached the obstacles and conducted its business was very much noticed and appreciated by all at Metro.”
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David Phillips
David Phillips is a Chicago-based freelance writer and consultant with more than 20 years experience in business and community news. He also has extensive reporting experience in the food manufacturing industry for national trade publications.
