Updated Dec 4, 2024
Talonvest Capital Obtains $53M Construction Loan For Self-Storage Facility In Bethesda, MD
5204 River Road
$53,000,000
Building Size
—
Asset Type
Self Storage
Closing
Jan 26, 2024
About this deal
AI
A $53 million construction loan has been obtained by Talonvest Capital Inc. on behalf of 1784 Holdings LLC for the development of a Class A self-storage facility in Bethesda, Maryland. The property is located at 5204 River Road in the bustling market of Bethesda, MD.
Summary of Transaction Details:
- Property Type: Self Storage
- Loan Amount: $53,000,000
- Loan Type: Construction
- Lender: Matt Shulman - The Ardent Companies
- Landlord: 1784 Holdings LLC
Talonvest Capital Inc. acted as the intermediary and successfully secured the loan for the development of the self-storage facility in Bethesda, Maryland. The lender for this transaction is Matt Shulman from The Ardent Companies. The loan will be used for the construction of a Class A self-storage facility in a prime location.
On the Map
$53,000,000
Self Storage
View full map
Players
Bethesda Self Storage Market Snapshot
Boundary boundary · Self Storage · Loan transactions
Loading comparables…
Deal FAQ
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.30%
Cash-on-Cash
-0.09%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93