{"id":3431,"date":"2021-07-27T16:56:11","date_gmt":"2021-07-27T21:56:11","guid":{"rendered":"https:\/\/1reason.com\/re\/talonvest-negotiates-16-million-life-co-loan-for-pacific-northwest-properties\/3431\/"},"modified":"2021-07-28T11:56:11","modified_gmt":"2021-07-28T16:56:11","slug":"talonvest-negotiates-16-million-life-co-loan-for-pacific-northwest-properties","status":"publish","type":"post","link":"https:\/\/1reason.com\/re\/talonvest-negotiates-16-million-life-co-loan-for-pacific-northwest-properties\/3431\/","title":{"rendered":"Talonvest Negotiates $16 Million Life Co Loan for Pacific Northwest Properties"},"content":{"rendered":"<div> The Portland, OR and Vancouver, WA properties have 122,000 combined net rentable square feet in 1,257 storage units and feature climate-controlled units, as well as non-climate controlled exterior units at the Vancouver site. The state-of-the-art Vancouver property was newly constructed and completed in 2018, while the Portland site was expanded and renovated in 2018.    <\/p>\n<p>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\u2019s 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.<\/p>\n<p>Benjamin Bradley, Co-Founder and Principal of Get Space, LLC, shared \u201cTalonvest\u2019s 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.\u201d The Talonvest team responsible for this assignment included Erich Pryor, David DiRienzo, Jim Davies, and Tom Sherlock.<\/p>\n<p><strong>About Talonvest Capital, Inc.<\/strong><br \/>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.<\/p>\n<\/p>\n<pre>CONTACT: Contact:&#013;\nAmanda Waite&#013;\nTalonvest Capital, Inc.&#013;\n949.648.0337&#013;\nawaite@talonvest.com<\/pre>\n<p><img loading=\"lazy\" src=\"data:image\/gif;base64,R0lGODlhAQABAAAAACH5BAEKAAEALAAAAAABAAEAAAICTAEAOw==\" width=\"1\" height=\"1\" class=\"lazyload\" data-src=\"https:\/\/ml.globenewswire.com\/release\/track\/8b3c884d-8751-4237-8f29-7ad22bc9561f\"><\/div>\n","protected":false},"excerpt":{"rendered":"<div>\n<p align=\"left\">IRVINE, Calif., July 07, 2021 (GLOBE NEWSWIRE) &#8212; Talonvest Capital, Inc. and its client Get Space, LLC have successfully closed a $16,000,000 life insurance company, 10-year, fixed rate loan secured by two self storage facilities in the Pacific Northwest.<\/p>\n<\/div>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"","sticky":false,"template":"","format":"standard","meta":[],"categories":[11],"tags":[],"acf":[],"_links":{"self":[{"href":"https:\/\/1reason.com\/re\/wp-json\/wp\/v2\/posts\/3431"}],"collection":[{"href":"https:\/\/1reason.com\/re\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/1reason.com\/re\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/1reason.com\/re\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/1reason.com\/re\/wp-json\/wp\/v2\/comments?post=3431"}],"version-history":[{"count":1,"href":"https:\/\/1reason.com\/re\/wp-json\/wp\/v2\/posts\/3431\/revisions"}],"predecessor-version":[{"id":3445,"href":"https:\/\/1reason.com\/re\/wp-json\/wp\/v2\/posts\/3431\/revisions\/3445"}],"wp:attachment":[{"href":"https:\/\/1reason.com\/re\/wp-json\/wp\/v2\/media?parent=3431"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/1reason.com\/re\/wp-json\/wp\/v2\/categories?post=3431"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/1reason.com\/re\/wp-json\/wp\/v2\/tags?post=3431"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}