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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, a privately held national real estate investment firm focused on self-storage development, acquisitions, and management. Based in Newport Beach, Talonvest acted as mortgage broker for the assignment, while the sponsor leveraged its multi-decade track record in the sector, which includes operating more than 250 facilities across 14 states.
The largest loan in the portfolio was a $25.0 million permanent mortgage for a Class A self-storage facility in Hawthorne, CA. The property is managed by StorQuest Self Storage and includes 1,261 units totaling 113,745 net rentable square feet. A life company lender supplied the five-year financing, which was structured with full-term interest-only payments.
According to Talonvest, a competitive lender selection process and targeted negotiations resulted in reduced loan pricing and cost savings for The William Warren Group. The strong operating performance and stability of the Hawthorne asset contributed to the financing terms and bolstered lender confidence throughout underwriting and closing.
The two additional loans totaled $17.6 million. They included a $9.0 million permanent loan for a Class A self-storage property in Waipahu, HI, and an $8.6 million permanent loan for a Class A self-storage facility in Denver. These financings were executed in the CMBS market and structured as 10-year, non-recourse, interest-only loans, providing long-term fixed-rate capital for the portfolio.
Clark Porter, president and CFO of The William Warren Group, credited Talonvest for its role in bringing the transactions to completion, noting that the firm was instrumental in closing the financings and highlighting the ongoing relationship between the two organizations. Talonvest professionals Eric Snyder, Kim Bishop, Will Hainlen, and Lauren Maehler were identified as key team members involved in arranging the loans.
The combined execution across a life company lender and the CMBS market underscores continued capital availability for Class A self-storage assets with established performance histories, while giving the sponsor a mix of five-year and 10-year interest-only structures across multiple markets.
The post Talonvest Capital Secures $42.6M in Permanent Financing for William Warren Self-Storage Trio appeared first on CRE Market Beat.
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