Talonvest Capital arranges $48 million financing for six-property self-storage portfolio

Newport Beach, CA Talonvest Capital arranged $48 million in financing for six self-storage properties on behalf of BRB Development, a family-owned company with nearly 50 years of experience developing self-storage facilities.

The portfolio comprises 5,006 self storage-units, two retail units, and 497,185 net rentable s/f across a geographically diverse set of markets in Florida, New Jersey, Minnesota, Connecticut, and Illinois. Each property benefits from compelling local market dynamics, including high-growth Florida markets, commuter-oriented Northeast suburbs, and established Midwest communities with strong economic bases and access to major metropolitan areas.

The financing consisted of a seven-year, non-recourse refinance provided by a life company, featuring full-term interest-only payments and a flexible structure tailored to the borrower’s objectives. Talonvest secured an early rate lock, a 12-month open prepayment window, and negotiated over $500,000 in interest savings over the life of the loan.

Rick Heilscher, managing partner of BRB Development, said, “Talonvest delivered a competitive financing process that secured attractive terms and valuable rate certainty in a volatile market, allowing us to stay focused on executing our business plan and creating long-term value.”

Eric Snyder, Kim Bishop, Carson Kurland, Mason Brusseau, and Lauren Maehler were among the Talonvest team members responsible for this transaction.