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Apex Trader Funding (ATF) - News

Talonvest Capital Secures $185,000,000 Bridge Loan

NEWPORT BEACH, Calif., June 26, 2024 (GLOBE NEWSWIRE) -- Talonvest Capital, Inc., a boutique self-storage and commercial real estate advisory firm, alongside Metro Self Storage and their JV-equity partner, Fremont Realty Capital, are pleased to announce the successful closing of a $185 million loan for a class A self-storage portfolio consisting of 20 properties in Illinois, Minnesota, Wisconsin, New Jersey, New York, and Pennsylvania that have a combined 1.55 million net rentable square feet. The portfolio boasts attractive demographics in densely populated areas with growing populations and strong household incomes. In addition, there is limited new supply under construction in the trade areas, providing Metro with the opportunity to push existing customer rent increases and to raise asking rents over the next three years. Talonvest ...