The Jenkins Organization And Clark Investment Group Secure $47.6 Million Permanent Loan For Self Storage Portfolio

A permanent loan amounting to $47,600,000 was arranged for a self-storage portfolio comprising six properties, totaling 600,000 net rentable square feet, across five markets in Texas, including Austin, McKinney, Frisco, Houston, and Bee Cave.

Summary of transaction details:

• Property Type: Self Storage
• Transaction Amount: $47,600,000
• Loan Type: Permanent
• Asset Size: 600,000 net rentable square feet
• Landlords: Bob Baker - Clark Investment Group; Ricky Jenkins - The Jenkins Organization
• Brokers: Tom Sherlock, Kim Bishop, Carson Kurland & Lauren Maehler - Talonvest Capital

Talonvest Capital facilitated the financing, offering a floating-rate, non-recourse structure that allows for long-term flexibility. The loan features interest-only payments, five one-year extension options, and no prepayment penalties, which enhances the financial strategy for the landlords involved.