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COSTA MESA, CA-Talonvest Capital, Inc. successfully negotiated and closed a $27 million 5-year, fixed rate, full term interest only loan on behalf of a partnership between Kurt O’Brien and an institutional equity investor.

The non-recourse loan, priced at a sub 4% rate, facilitated the acquisition of a 623,000 square foot, nine property self storage portfolio with assets located in Florida, Illinois, New Jersey, and Puerto Rico. The loan, which included individual property release provisions, was funded by an international banking giant. O’Brien commented “Talonvest was instrumental in successfully negotiating my best loan in the new CMBS market.”

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