Talonvest Capital Closes $42M of Perm Loans in November

COSTA MESA, CA-GlobeSt.com exclusively learns that Talonvest Capital Inc., a self storage and commercial real estate advisor, has successfully negotiated and closed $42.45 million of permanent financing in the month of November. Three separate clients who own self storage facilities in California, New Mexico, Texas, Colorado, and Missouri were represented.

Tom Sherlock, a principal at Talonvest, tells GlobeSt.com that commercial real estate lending activity has been consistently increasing throughout the year as life companies, banks, and CMBS companies seek to grow their loan volume. “Borrowers need to be prepared for a more detailed and laborious due diligence and loan closing process than before, but the rewards of fixed rate financing in the low 4’s and leverage again being available in the marketplace make it worthwhile,” he says.