IRVINE, CA—Talonvest Capital Inc., a boutique self storage and commercial real estate advisor based in Irving, has successfully structured and negotiated permanent financing for the recent acquisition of an 18-property self storage portfolio by Dallas-based Rosewood Property Co. (RPC). The portfolio includes over 1,140,000 rentable square feet located in Pennsylvania, Maryland, New Jersey, Kentucky, and Indiana. The non-recourse acquisition loan, structured with 10 years of interest-only payments, a sub-3.9% fixed interest rate, and release provisions for individual properties was funded by a US money center bank.

Bill Flaherty, president and CEO of RPC, noted “we were pleased with the relationships and effort that Talonvest brought to this important transaction relative to the debt financing. We had multiple options and structures from which to choose and the Talonvest team added value throughout the transaction up and until the actual close.” Tom Sherlock, principal at Talonvest, added “high quality borrowers like RPC are high priority clients for strong lenders. RPC's reputation and capabilities aided Talonvest in being able to deliver attractive loan quotes from insurance companies, conduits, and bank balance sheet lenders.”

Jim Davies, another Talonvest principal, noted that the competition for self storage loans is fierce and “borrowers benefit tremendously, not only in rate, but structure and terms, when an experienced advisor with deep capital market relationships is orchestrating a competitive bid.” Sherlock, Davies, and Kim Leslie negotiated this financing on behalf of RPC while Laura Bogart from Talonvest orchestrated a smooth and timely closing on behalf of the borrower.