Talonvest Capital Closes Bridge Loan with Metro Self Storage
Talonvest Capital, in partnership with Metro Self Storage, has closed a $10.2 million bridge loan with no lease-up covenants, a fixed interest rate, and interest-only payments for half the loan term. It was used for a Class-A facility in Monmouth Junction, N.J., with 74,794 net rentable square feet of storage and a mix of climate-controlled and drive-up units.
Talonvest secured the five-year, non-recourse financing through a life company with a team of Kim Bishop, Eric Snyder, Tom Sherlock, Mason Brusseau, and Lauren Maehler.
More Content
Popular Posts
Recent Posts
Senate Bill 709 (SB709) has many in the...
In January, self-storage industry veteran...
In April 1984, the first non-stop commercial...
Raise your hand if you’ve ever made plans,...
Everyone knows it: Investing in real estate...
They say when one door closes, another one...
Like its name implies, Surprise, Ariz., a...
Self-storage has become as reliant on the...