This unique loan program sourced by Talonvest provided the borrower permanent financing prior to economic stabilization at the properties. Elimination of future interest rate risk during the next 12-18 months was an important benefit for Get Space, and it was further enhanced through an early rate lock feature that reduced the borrower’s interest rate risk exposure during the 60-day due diligence and closing process. The non-recourse loan also allowed for 30 months of interest only loan payments.
Benjamin Bradley, Co-Founder and Principal of Get Space, LLC, shared “Talonvest’s command of the financing market directly resulted in a lower interest rate and reduced risk for us. They looked out for our best interests and delivered a great result.” The Talonvest team responsible for this assignment included Erich Pryor, David DiRienzo, Jim Davies, and Tom Sherlock.
About Talonvest Capital, Inc.
Talonvest Capital is a boutique real estate firm providing advisory services to self storage and commercial real estate investors, owners, and developers nationally. The firm utilizes a unique, collaborative team approach, emphasizing the institutional knowledge and expertise gained over the past four decades by its team members, to deliver better capital solutions for its clients.
CONTACT: Contact: Amanda Waite Talonvest Capital, Inc. 949.648.0337 awaite@talonvest.com
