Talonvest Capital Arranges $17.8M Refinance Loan For Tierra Corporation's Self Storage Portfolio

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.