Updated Jun 20, 2025
Talonvest Capital Arranges $17.8M Refinance Loan For Tierra Corporation's Self Storage Portfolio
$17,800,000
$47/SF
Building Size
377,939 SF
Asset Type
Self Storage
Closing
Jun 18, 2025
About this deal
AI
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.
Players
Market Self Storage Market Snapshot
Boundary boundary · Self Storage · Loan transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.89%
Cash-on-Cash
-0.25%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93