Talonvest Capital Secures $7.2 Million Loan For Self Storage Portfolio In Thousand Oaks And Torrance

The asset involved in the transaction is a self-storage portfolio located in Thousand Oaks and Torrance, comprising 1,024 units with a total square footage of 97,916. The transaction secured two loans amounting to $7,200,000, featuring a 10-year loan term with full-term interest-only payments.

Summary of transaction details:

• Property Type: Self Storage
• Transaction Amount: $7,200,000
• Units: 1,024
• Square Footage: 97,916
• Market: Thousand Oaks & Torrance
• Loan Terms: 10-year loan, full-term interest only payments
• Brokers: Eric Snyder, Kim Bishop, Lauren Maehler, Morgan Johnson & Ivan Viramontes - Talonvest Capital

Talonvest Capital played a crucial role in this transaction by securing the $7.2 million non-recourse loans for the SoCal Self Storage facilities. They negotiated favorable terms, including below 200 basis points loan spreads and the elimination of financial cash management triggers.