Talonvest Capital and Madison Capital Secure $11.9M Bridge Loan for Class A Self Storage Facility in North Las Vegas

Core Insights - Talonvest Capital, Inc. arranged an $11,900,000 bridge loan for a Class A storage facility in North Las Vegas, NV, on behalf of Madison Capital Group, highlighting the strength of their strategic partnership [1][2][3] Group 1: Facility Details - The storage facility is located at 345 East Ann Road and includes 661 climate-controlled units and 60 non-climate units, managed by Madison Capital's in-house company, Go Store It [2] - Go Store It aims to achieve a physical occupancy rate of 90%-92% while driving rent growth over the next five years [2] Group 2: Financing Structure - The financing was negotiated with a life insurance company lender, resulting in a non-recourse, 5-year fixed-rate bridge loan with no lease-up covenants, providing stability and flexibility during the lease-up phase [3] Group 3: Client Relationship - Madison Capital's Chief Investment Officer, Evan Stephens, expressed confidence in Talonvest's ability to navigate transactions efficiently, emphasizing the smooth experience of working with them [4] Group 4: Company Overview - Talonvest Capital specializes in sourcing capital programs and advising on capital market trends for various property types, including industrial, self-storage, multifamily, office, and retail [5] - The firm leverages over four decades of experience and a unique boutique approach to deliver tailored capital solutions for clients [5]