Talonvest Closes $25M Loan For Atlanta Facilities

Posted by Modern Storage Media on Dec 29, 2023 9:05:00 AM

Talonvest Capital, Inc., along with their client Castle Hill Investors LLC, have closed on an approximately $25.3 million loan for the refinancing of two Class-A, climate-controlled facilities in the Atlanta metropolitan area. The two facilities, which are approaching physical stabilization, have a combined total of 152,239 net rentable square feet. The three-year, non-recourse financing provided full-term, interest-only payments with two annual extension options and was closed with a debt fund lender.


“Leveraging Talonvest Capital as our advisor was invaluable for our team,” says Garnett Veney, managing director at Castle Hill Investors. “We knew we were being advocated for tenaciously through the market they created and the terms they delivered.”

 

The Talonvest team members responsible for this transaction included John Chase, Kim Bishop, Mason Brusseau, and Lauren Maehler.