Talonvest Capital secured a $47.6 million permanent loan on behalf of The Jenkins Organization and Clark Investment Group for a six-property self-storage portfolio located across five high-growth Texas markets, including Austin, McKinney, Frisco, Houston (shown) and Bee Cave. The institutional-quality portfolio totals more than 600,000 net rentable square feet.
Talonvest identified a floating-rate financing structure from a large bank that aligned with the sponsor’s long-term ownership strategy. The financing features five consecutive one-year extension options, is non-recourse, includes interest-only payments throughout the full loan term, and has no prepayment penalties or costs. The structure gives ownership significant flexibility to respond to interest-rate and capital-market conditions as they evolve while continuing to execute its long-term business plan.
Thomas Sherlock, Kim Bishop, Carson Kurland, and Lauren Maehler were among the Talonvest team members responsible for the financing. This transaction contributes to more than $256 million in financings that Talonvest has successfully closed over the past 30 days.
