Talonvest Capital Arranges $22.9M Loan For Deca Companies' Development In Daly City

A construction loan of $22,900,000 has been arranged for Deca Companies to develop a 5-story climate-controlled storage facility at 60 Station Avenue, Daly City, CA. The asset encompasses a total building size of 63,000 square feet and is strategically located along Interstate 280, targeting an undersupplied market.

Summary of transaction details:

• Property Type: Development Site
• Transaction Amount: $22,900,000
• Loan Type: Construction
• Loan Terms: 36-month term with two one-year extension options, full-term interest-only payments, and prepayment flexibility
• Landlord: Stanley Zheng - Deca Companies
• Brokers: Jim Davies, Kim Bishop, Lauren Maehler, Mason Brusseau & Tom Sherlock - Talonvest Capital

Talonvest Capital facilitated the loan to support Deca Companies in introducing new supply to the market following a complex entitlement process, thereby enhancing storage solutions in Daly City.