Talonvest Capital Negotiates a $13.4M Full Capital Stack for North Charleston Development

NEWPORT BEACH, Calif., April 11, 2025 (GLOBE NEWSWIRE) -- Talonvest Capital, Inc., a boutique advisory firm specializing in self-storage and commercial real estate, successfully secured a $4.7 million joint venture equity investment and an $8.7 million construction loan on behalf of repeat client, Wedgewood Avenue. Upon completion, the development will be a Class A, multi-story self-storage facility in North Charleston, SC. The project will feature 826 climate-controlled units across 86,000 square feet on a 4.14-acre site.

On this assignment, Talonvest successfully created and managed a robust lender competition which resulted in both recourse and spread improvements that significantly benefited the borrower. Specifically, negotiations resulted in 40% limited recourse that burns down to 20% upon reaching a threshold income level and a competitive credit spread of 290 bps for a ...