June 8, 2017
Talonvest Capital, Inc. negotiated $37.8 million of construction financing for Santa Monica, CA-based The William Warren Group, and $24.1 million of construction loans for Lake Forest, IL-based Metro Self Storage. Talonvest Capital notes, the seven individual loans across four states were funded through four different banking institutions, which reflects the changing financing market.
The William Warren Group storage developments consist of roughly 310,000 square feet of climate-controlled space in four projects in SoCal, as well as Scottsdale, AZ. The Talonvest team handling the financings included Eric Snyder, Kim Leslie, Jim Davies, Tom Sherlock and Erich Pryor.
Metro’s three construction loans were for developments in Chadds Ford, PA and two Chicago suburbs, Naperville and Addison, IL. Combined, the Class A projects total more than 236,000 rentable square feet. The Talonvest team that negotiated and structured the loans for Metro included Leslie, Sherlock and Jim Davies.
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