Talonvest Capital Inc., which provides commercial real estate owners with access to debt and equity markets, has launched a non-recourse loan program for self-storage owners nationwide. Loan terms include:
- $3 million minimum loan amount
- 70 percent maximum loan-to-value
- 10 percent minimum debt yield
- 1.25 minimum debt service coverage ratio
- Five- to 10-year fixed rates
- 30-year amortization
Based in Costa Mesa, Calif., Talonvest provides third-party capital placement, debt and equity for commercial real estate nationwide. It engages in principal investment activities in the $10 million and under range including making loans, buying notes and buying assets. The company is operated by principals Eric Snyder and Thomas Sherlock.
Snyder’s previous positions include senior vice president at Buchanan Street Partners, president at Buchanan Storage Capital and director at GE Capital. Sherlock formerly worked as a senor managing director at Buchanan Street Partners.