News Summary
Talonvest Capital, Inc. has closed $66.1 million in construction loans for two self-storage facilities in North Hollywood, CA, and Bordentown, NJ. The loans, provided to 1784 Holdings, LLC, include a $46.7 million project in North Hollywood and a $19.4 million project in Bordentown. The developments aim to meet the rising demand for climate-controlled storage units in urban areas, enhancing local economies and community services.
Newport Beach, CA – Talonvest Capital, Inc., a specialized mortgage brokerage firm, has announced the successful closure of $66.1 million in construction loans to facilitate the development of two new self-storage facilities. The loans, offered to client 1784 Holdings, LLC, are set to fund projects in North Hollywood, California, and Bordentown, New Jersey.
The first transaction includes a substantial $46.7 million construction loan dedicated to constructing a state-of-the-art self-storage facility in North Hollywood. This facility is designed to encompass nearly 98,000 net rentable square feet and will feature 1,144 climate-controlled storage units, catering to a growing demand for secure and temperature-sensitive storage solutions.
The second transaction involves a $19.4 million construction loan for the development of a self-storage site in Bordentown, New Jersey. This project will spread across 5.4 acres and is expected to provide over 77,000 net rentable square feet, comprising 777 climate-controlled units alongside 44 covered RV parking spaces. This development aims to meet the storage needs of residents and businesses in the surrounding area.
Both loans are categorized as participating debt construction loans and come with a five-year term. The financing arrangements were negotiated through a partnership with a Real Estate Investment Trust (REIT), indicating a strategic move to align interests in the competitive self-storage market.
The Talonvest team actively involved in these transactions includes seasoned professionals such as Thomas Sherlock, Kim Bishop, Ivan Viramontes, and Lauren Maehler. The late Jim Davies, a principal at Talonvest, also contributed significantly to these assignments, underlining the firm’s longstanding expertise in commercial real estate financing.
The announcement of these loan closures was made on May 12, 2025, further solidifying Talonvest’s reputation in the mortgage brokerage industry as a trusted intermediary in facilitating significant real estate ventures.
The self-storage industry has seen steady growth in recent years, driven by urbanization, downsizing, and the increasing need for additional storage space among both individuals and businesses. This notable rise in demand presents an opportunity for new developments, as operators seek to provide adaptable and secured storage options tailored to evolving customer needs.
With these recent closures, Talonvest Capital continues to expand its portfolio while supporting the objectives of 1784 Holdings, LLC. The construction of the new facilities is expected to contribute positively to both local economies, providing employment opportunities and enhancing community services in North Hollywood and Bordentown.
The developments in self-storage are not only essential for improving local infrastructure but also play a crucial role in meeting the rising demands for rental space in metropolitan areas. As urban landscapes continue to evolve, these projects represent a proactive approach to addressing community needs while positively impacting the commercial real estate market.
As Talonvest Capital moves forward with these significant financing arrangements, the company remains committed to facilitating substantial growth opportunities within the self-storage sector, highlighting the firm’s expertise and dedication to excellence in the industry.
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