The self-storage facility located at 3155 West El Segundo Boulevard in Hawthorne, California, was the subject of a $36 million bridge financing deal. The loan, provided by Westcor Land Title Insurance Company, was secured by 1784 Holdings and facilitated by Talonvest Capital. The property spans 1.3 acres and the loan terms include a nonrecourse, interest-only bridge loan over three years with two extension options.

Summary of transaction details:

• Property Type: Self Storage
• Transaction Amount: $36,000,000
• Acres: 1.3
• Address: 3155 West El Segundo Boulevard
• Market: Hawthorne
• Lender: Westcor Land Title Insurance Company
• Landlord: Shane Albers - 1784 Holdings
• Broker: Britt Taylor, Lauren Maehler, Mason Brusseau, Tom Sherlock & Jim Davies - Talonvest Capital
• Loan Type: Bridge Loan
• Loan Terms: Nonrecourse, interest-only bridge loan over three years with two extension options

1784 Holdings, a self-storage developer and manager, led by CEO and Chairman Shane Albers, successfully obtained the $36 million bridge financing for the facility. The deal was negotiated by Jim Davies, Britt Taylor, Mason Brusseau, Tom Sherlock, and Lauren Maehler of Talonvest Capital, representing the borrower in the transaction.