Talonvest Closes $ 118 Million Bridge Loan for New York Assets and Hires

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IRVINE, Calif., Oct. 04, 2021 (GLOBE NEWSWIRE) – Talonvest Capital, Inc., a self-storage and business advisory boutique has successfully negotiated a $ 118,265,000 refinancing loan for a class-leading self-storage portfolio A with assets located in the densely populated neighborhoods of Yonkers, Brooklyn, White Plains and Long Island City in New York. Clutter, Inc. owns the portfolio of four properties with 320,819 net rentable square feet in 5,148 units, 115 parking units totaling NRSF 15,890 and additional NRSF 12,380 of commercial space. The non-recourse, low variable rate bridge loan was funded by a global investment management company and had an initial term of 3 years. Flexibility has been created for the borrower through partial discharge provisions, early repayment flexibility and two loan extension options. Anna Siradze, Self-Service Acquisitions Manager at Clutter, said: “The level of assistance we received from Talonvest in managing and executing the loan process has been phenomenal. We have truly benefited from our partnership with a team who understood our needs and kept our best interests in mind. “Ryan Stroud, Director of Real Estate Investments at Clutter, added” Talonvest has brought exceptional experience and relationships to industry, continually championing Clutter and keeping negotiations on track throughout the fundraising process. ”The Talonvest team responsible for this mission included Jim Davies, Kim Bishop, Eric Snyder, David DiRienzo and Tom Sherlock.

Talonvest is also pleased to announce the recent hires of Ivan Viramontes and Thalia Tovar respectively as Analyst and Partner, Loan Administration, to support the expansion of the business of the company with experienced real estate owner-operators and the development of more institutional clients. Mr. Viramontes responsibilities will include underwriting, financial analysis and market research for self-storage, commercial and multi-family assignments. He previously worked at WD Land, a full-service land brokerage and consulting firm, and graduated from Cal Poly-Pomona. In her loan administration role, Ms. Tovar is responsible for orchestrating the due diligence and loan closing process for Talonvest clients. Thalia has experience in residential transactions, manufactured / mobile home transactions and investments, home loans and underwriting. “Ivan and Thalia are motivated, team-oriented professionals passionate about creating value for our clients and their fundings,” said Tom Sherlock, Senior Co-Founder of Talonvest Capital.

About Talonvest Capital, Inc.
Talonvest Capital is a specialty real estate company that provides advisory services to investors, owners and developers of commercial and self-storage real estate across the United States. The company’s executives have over 80 years of combined experience structuring loans and equity investments for self-storage, office, industrial, commercial and apartment properties.

About clutter
Clutter is a one-stop-shop, providing the most affordable, flexible and reliable moving and storage services nationwide. Founded in 2015, Clutter’s mission is to make people’s lives more convenient, so they can discover more of what they love. With a presence in 1,200 cities across the country, Clutter offers moving, packing, smart storage and self-storage services. Learn more at https://www.clutter.com/.



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