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Talonvest Capital closes $142m loan for self-storage portfolio spanning 6 states
Talonvest Capital, a boutique self-storage and commercial real estate advisory firm, has closed a $142 million loan for a 13-asset self-storage portfolio, spanning Arizona, California, Colorado, New Jersey, New York and Washington state.
The loan, which was secured on behalf of William Warren Group and its institutional venture partner, was funded by a life company lender.
The properties were developed between 2016 and 2019 by William Warren Group and offer best-in-class design in high-barrier-to-entry submarkets. These strategically positioned facilities benefit from strong demographics, above-average household income, limited competitive supply and strong renter populations.
“Our experience with Talonvest Capital has been nothing short of exceptional,” said Clark Porter, president of William Warren Group. “We have successfully closed many deals with their team, and their ability to create and deliver excellent financing continues to reinforce our unwaver