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.
December 30, 2010
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.
Snyders 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.
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