Talonvest Arranges $73.7 Million Financing for 9-Property, Multi-State Self-Storage Portfolio
Houston, Texas
Baytown, Texas
IRVINE, Calif., Jan. 30, 2023 (GLOBE NEWSWIRE) — Talonvest Capital, Inc., a boutique self-storage and industrial actual property advisory agency, is happy to announce that it has organized $73.7 million in financing for a multi-state self-storage portfolio on behalf of a three way partnership between Andover Properties and Angelo Gordon. The portfolio consists of 9 belongings positioned throughout Texas, North Carolina, Virginia, Florida, and California and advantages from high-visibility places in rising markets, dense populations, sturdy housing provide, and strong demographic traits. The belongings function underneath Andover’s Storage King USA model.
The non-recourse bridge mortgage was offered by a number one funding administration agency lively all through the USA.
Zach Harding, Chief Funding Officer of Andover Properties, commented, “Talonvest’s deep lending relationships and sector expertise led to broad market outreach and a aggressive course of, leading to engaging phrases for our financing. It was an important expertise working with the Talonvest crew.”
The Talonvest crew members accountable for this transaction included Kim Bishop, Jim Davies, Tom Sherlock, Ivan Viramontes, and Thalia Tovar.
About Talonvest Capital, Inc.:
Talonvest Capital, Inc. is a boutique actual property agency offering advisory providers to industrial and self storage actual property buyers, homeowners, and builders all through the USA. The agency makes use of a singular collaborative crew strategy and 4 a long time of institutional information and experience from the crew members to ship higher capital options for its shoppers.
About Andover Properties:
Andover Properties is an funding agency that owns, operates, and develops industrial property all through the USA, with a give attention to different actual property asset courses comparable to self storage, manufactured housing, RV parks, and automotive washes. We’re one of many largest personal owner-operators of self storage services in the USA. Our present portfolio totals 12.2 million rentable sq. toes throughout 153 services in 18 states and operates underneath our Storage King USA model. www.storagekingusa.com.
About Angelo Gordon:
Angelo Gordon is a privately-held different funding agency based in November 1988. The agency at the moment manages roughly $52 billion with a major give attention to credit score and actual property methods. Angelo Gordon has over 650 workers, together with greater than 200 funding professionals, and is headquartered in New York, with related workplaces elsewhere within the U.S., Europe, and Asia. For extra info, go to www.angelogordon.com.
HOUSTON, TX (WESTPARK)
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BAYTOWN, TX
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