IRVINE, CA—GlobeSt.com has learned exclusively that locallybased Talonvest Capital Inc. has funded $112million of self-storageacquisition and refinanceassignments throughout the US on behalf of multiple clients withinthe last 4.5 months. The national boutique self-storage andcommercial real estate advisor has negotiated thefollowing financing transactions, among others:

• $36 million of acquisition financing for a 12-propertyStorQuest portfolio with facilities in Arizona,California, Colorado and Texas. Individual non-recourse loans werefunded by a regional bank with national lending capabilities and aCMBS lender.
• $22.8-million refinance loan for Security SelfStorage secured by a 389,500-square-foot portfolio witheight properties located in Texas, Kansas and Colorado. Thefinancing was closed with a large national bank.
• $18.4-million refinance loan secured by fourinstitutional-quality self-storage facilitieslocated in prime Connecticut locations. The loan was funded by aCMBS lender on behalf of CT Self Stor andClark Investment Group.
• $9.3-million non-recourse acquisition loan for Storage King USAand its institutional joint-venture equity partnerfor a portfolio consisting of three North Carolina assets. Amiddle-market bank provided the non-recourse, fixed-ratefinancing.

Talonvest principals Eric Snyder, Tom Sherlockand Jim Davies worked together to complete theseassignments. Laura Bogart, Carole Stanley andScott Sweeney of Talonvest were instrumental inthe closing of the loans mentioned above, as well as a variety of$4-million to $8-million debt and equity assignments in New York,Ohio, Tennessee and California that were also funded recently.

Sherlock tells GlobeSt.com, “Competition in the financing marketis growing fiercer as 2014 progresses. We've seen life companies,banks, and CMBS lenders all offering very attractive terms andstructures to borrowers in an effort to win volume with bettersponsors with quality properties. The current appetite for volumeis reminiscent of the mid-2000s. Fortunately, even thoughlenders are being more aggressive and are negotiating more items,the relaxed underwriting standards reflect a regression to normalcyin the market and don't appear to be imprudent or reckless.”

As GlobeSt.com reported in January, Talonvest had at thattime recently structured, negotiated and closed self-storageacquisition and refinance assignments totaling $60.6 million. Theportfolios are located across the country.