Talonvest Capital, a premier real estate mortgage brokerage firm, has arranged $48 million in financing for six self-storage properties on behalf of BRB Development.
The portfolio comprises 5,006 self storage-units, two retail units, and 497,185 net rentable square feet across a geographically diverse set of markets in Florida, New Jersey, Minnesota, Connecticut, and Illinois.
Each property benefits from compelling local market dynamics, including high-growth Florida markets, commuter-oriented Northeast suburbs, and established Midwest communities with strong economic bases and access to major metropolitan areas.
The financing consisted of a seven-year, non-recourse refinance provided by a life company, featuring full-term interest-only payments and a flexible structure tailored to the borrower’s objectives. Talonvest secured an early rate lock, a 12-month open prepayment window, and negotiated over $500,000 in interest savings over the life of the loan.
Eric Snyder, Kim Bishop, Carson Kurland, Mason Brusseau, and Lauren Maehler were among the Talonvest team members responsible for this transaction.
