$58.25M Refinance of Ten Property Portfolio for Stor All
(firmenpresse) - IRVINE, CA -- (Marketwired) -- 09/30/15 -- Talonvest Capital, Inc., a boutique self storage and commercial real estate advisor, and The BSC Group, a self storage and commercial real estate financing advisor, recently structured and negotiated $58.25 million of financing secured by a ten property self storage portfolio for the Stor All Group. The well occupied portfolio includes over 685,000 rentable square feet with assets located in Louisville, KY; Lexington, KY; and Cincinnati, OH. The non-recourse, cash out, securitized refinance loan funded by a national bank was structured with 3 years of interest-only payments and a ten year fixed interest rate.
Stor All President, Steve Womack, hired the firms to jointly represent the borrower. After the loan funded, Womack shared, "I couldn''t be happier with my refinance loan. Because of the brokers'' relationship with the top decision makers at the bank, I was able to get the loan dollars, rate, and structure I wanted...even in the middle of all the market turmoil." Devin Huber, Principal with The BSC Group, said, "in order to prioritize the client''s best interest, Talonvest and BSC Group coordinated efforts and worked collaboratively to break new ground in the CMBS market and to provide a truly market leading execution on this portfolio financing." Talonvest''s Principal Jim Davies added, "We were proud of the results delivered to our joint client, especially considering the tumultuous market conditions that arose just prior to loan closing." The team representing Stor All consisted of Tom Sherlock, Jim Davies, Kim Leslie, Laura Bogart (Talonvest), Shawn Hill and Devin Huber (The BSC Group).
Talonvest Capital is a boutique real estate firm providing advisory services to self storage and commercial real estate investors, owners and developers nationally. The principals of the firm have over 80 years of combined experience structuring loans and equity investments for office, industrial, retail, and apartment properties throughout the US. In addition, they have established a dominant niche position in financing self-storage properties across the country.
The BSC Group, LLC was formed in 2009 and offers financial and loan advisory, mortgage brokerage and loan workout solutions to commercial real estate property owners and investors, with a special emphasis on the self-storage market. Through its capital source network, The BSC Group provides clients with access to debt and equity financing for commercial real estate investments nationwide.
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Talonvest Capital, Inc.
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Datum: 29.09.2015 - 23:46 Uhr
Sprache: Deutsch
News-ID 1388852
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Commercial Real Estate
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