Private equity firm Integrita Capital Partners LLC is developing a five-storage self-storage facility in Ridgefield, N.J. Once complete, the structure at 625 Grand Ave. will comprise 152,000 square feet in 1,220 climate-controlled units. It’ll also feature drive-in loading bays, according to the source.
The $13.6 million construction loan was negotiated by Talonvest Capital Inc., a boutique self-storage and commercial real estate advisor. The team members involved in the deal include Jim Davies, Terra Hendrich, Erich Pryor and Tom Sherlock. The lender, a midwestern bank, included a five-year term with interest-only payments, the source reported.
Based in Coral Gables, Fla., Integrita invests in the acquisition of family businesses, management buyouts and corporate divestitures in Canada and the United States. Its principals and operating partners have more than 100 years of experience in mergers and acquisitions as well as senior management, according to its website.
Rebusiness Online, Talonvest Capital Arranges $13.6M Construction Loan for Self-Storage Facility in New Jersey