NEWPORT BEACH, Calif., Aug. 28, 2024 (GLOBE NEWSWIRE) -- Talonvest Capital, Inc. is proud to announce the recent closing of a $22,255,000 non-recourse, bank-funded, permanent loan for a Class A self storage portfolio on behalf of The Jenkins Organization and Clark Investment Group. The three Texas properties located in Dallas (1) and Austin (2) were delivered in 2018 and contain 253,425 NRSF across 2,118 climate, non-climate, and drive-up units. The 5-year fixed rate loan and longer than normal open window for prepayment gives the ownership future flexibility, interest-only payments for the full loan term maximizes cash yields, and the loan sizing provides for a return of ...
