Talonvest Capital Inc., a self-storage and commercial real estate advisory firm headquartered in Irvine, California, issued a joint announcement with its client Castle Hill Investors LLC on the closing of a $25.2 million loan for the refinancing of two Class-A storage facilities located in the Atlanta metropolitan area.
The two facilities are approximately 152,239 net rentable square footage combined and are approaching stabilized physical occupancy. 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,” said Garnett Veney, managing director at Miami Beach-based Castle Hill Investors, in a press statement. We knew we were being advocated for tenaciously through the market they created and the terms they delivered.”