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Talonvest Capital Arranges $17.8M Refinance Loan For Tierra Corporation's Self Storage Portfolio
FINANCED
$17,800,000
+ 1
National
See Similar DealsSelf Storage377,939 SF
Financed 06/18/2025
FINANCED
Talonvest Capital Arranges $17.8M Refinance Loan For Tierra Corporation's Self Storage Portfolio
Self Storage377,939 SF
Financed 06/18/2025
+ 1
Summary
Asset Type:Self Storage
Price Per Square Foot:$47
Total Square Footage:377,939 SF
Transaction Type:Loan
The asset involved in this transaction is a self-storage portfolio situated in Riverside, Redlands & Indio, California, and Yuma, Arizona, covering a total of 377,939 square feet. The property consists of 2,252 drive-up units, climate-controlled space, manager units, and RV parking.
Summary of transaction details:
- Property Type: Self Storage
- Transaction Amount: $17,800,000
- Loan Type: Refinance
- Loan Terms: 10 years, interest-only
- Landlord: Art Flaming - Tierra Corporation
- Brokers: Eric Snyder, Britt Taylor, Mason Brusseau & Lauren Maehler - Talonvest Capital
The refinance loan was arranged by Talonvest Capital, which provided a $17.8 million CMBS refinance loan for Tierra Corporation's four-property self-storage portfolio. The 10-year, interest-only loan features a sub-6% fixed rate.
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$17,800,000.00
Monthly NOI$118,666.67
Monthly Debt Service$112,508.11
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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