Talonvest Secures $10M Bridge Loan For New Jersey Self Storage Facility On State Route 35

A $10 million bridge loan has been secured for a self storage facility located at 97 State Route 35 in Eatontown, New Jersey. The property, owned by Strategic Storage Growth Trust III, Inc, consists of 730 units and spans across 65,800 square feet.

Summary of transaction details

• Property Type: Self Storage
• Transaction Amount: $10,000,000
• Address: 97 State Route 35, Eatontown, New Jersey
• Market: Eatontown
• Units: 730
• Square Footage: 65,800

Talonvest Capital, Inc, represented by brokers Eric Snyder, Britt Taylor, Mason Brusseau, and Lauren Maehler, facilitated the loan for this self storage facility. The loan offers the borrower flexibility with interest-only payments for half of the 4-year term, along with a sliding scale prepayment structure. This unique life company loan presents favorable terms for Strategic Storage Growth Trust III, Inc's self storage investment.