Talonvest Capital, Inc. arranged $64 million in refinancing for a five-property self-storage portfolio on behalf of SoCal Self Storage, a Southern California owner-operator with nearly four decades of experience. Eric Snyder, Kim Bishop, Mason Brusseau and Lauren Maehler were among the Talonvest team members responsible for the transaction
The financings were structured as 10-year, non-recourse permanent loans through a securitized lender, featuring full-term interest-only payments at fixed rates, no cash management, and highly competitive spreads. Talonvest further enhanced the execution by negotiating key borrower-friendly terms, ranging from the waiver of cash management to securing strategic buy-downs, resulting in favorable long-term interest rates.
The portfolio comprises 3,643 storage units totaling approximately 344,616 net rentable square feet across locations in Rancho Santa Margarita, Pasadena, Northridge, Hollywood and Sacramento. The properties demonstrate strong operating fundamentals, including consistent occupancy and durable cash flow, supported by favorable supply-demand dynamics and dense surrounding populations
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