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Talonvest Capital has structured $42.6 million in permanent financing for a three-property self-storage portfolio on behalf of The William Warren Group. The Newport Beach-based real estate mortgage brokerage firm arranged the loans for Class A assets located in Hawthorne, CA, Waipahu, HI, and Denver. The William Warren Group, a privately held national real estate investment firm founded in 1994, focuses on self-storage development, acquisition, and management and operates more than 250 facilities across 14 states.
The largest component of the financing package is a $25.0 million permanent loan secured by a Class A self-storage facility in Hawthorne, CA. The property, managed by StorQuest Self Storage, includes 1,261 units totaling 113,745 net rentable square feet. The loan was funded by a life company lender and structured as a five-year, full-term interest-only facility. Talonvest used a competitive lender process and negotiations to compress pricing on the loan, which the firm reports created cost savings and additional value for the sponsor. The strong operating performance and stability of the Hawthorne asset were cited as factors that helped support the loan structure and lender conviction.
The remaining two financings, totaling $17.6 million, were executed through the CMBS market. They include a $9.0 million permanent loan for a Class A self-storage facility in Waipahu, HI, and an $8.6 million permanent loan for a Class A property in Denver. Both CMBS loans are non-recourse, interest-only, and carry 10-year terms, aligning long-term fixed debt with the sponsor’s hold strategy for the assets as described in the announcement.
Clark Porter, president and CFO of The William Warren Group, credited Talonvest Capital’s role in the execution, noting that the firm was instrumental in bringing the financings to a successful close and highlighting its expertise and execution capabilities. Talonvest professionals Eric Snyder, Kim Bishop, Will Hainlen, and Lauren Maehler were among the team members responsible for arranging the loans for the portfolio.
The transactions underscore ongoing capital availability for well-performing, institutional-quality self-storage properties, with both life company and CMBS lenders providing interest-only structures for a repeat national sponsor with a sizable operating platform.
The post Talonvest Capital Secures $42.6M in Permanent Financing for Three StorQuest Self-Storage Sites appeared first on CRE Market Beat.
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