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Talonvest Capital Obtains $53M Construction Loan For Self-Storage Facility In Bethesda, MD
FINANCED
$53,000,000
Maryland
See Similar DealsSelf Storage
Financed 01/26/2024
FINANCED
Talonvest Capital Obtains $53M Construction Loan For Self-Storage Facility In Bethesda, MD
5204 River Road
See Similar DealsSelf Storage
Financed 01/26/2024
Summary
MARYLAND
Asset Type:Self Storage
Transaction Type:Loan
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.
Players
LENDER
Details
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$53,000,000.00
Monthly NOI$353,333.33
Monthly Debt Service$334,996.05
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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