Construction Financing Secured for Class-A Self-Storage Development in Woodstock, Georgia
NEWPORT BEACH, Calif. — Talonvest Capital, Inc., a specialized advisory firm in self-storage and commercial real estate, alongside Coro Realty Advisors, is excited to announce the successful acquisition of $7,835,000 in construction financing for a premier self-storage facility. This Class-A development is set to be constructed at 300 Ridgewalk Parkway in Woodstock, Georgia, strategically located at the bustling intersection of Ridgewalk Parkway and Ridge Trail, near popular retail destinations.
The new facility will feature a two-story design complete with climate control and a drive-up basement, encompassing a total of 79,674 net rentable square feet (NRSF). Nestled in a high-demand residential zone within the rapidly expanding Atlanta metropolitan statistical area, this property offers convenient access to I-575, the main thoroughfare utilized by residents of North Woodstock heading towards Downtown.
Maximizing Lending Opportunities
Talonvest adeptly utilized its extensive network of lenders to highlight the site’s strengths as well as Coro’s invaluable local expertise to foster competitive lending during a challenging period in the capital markets. This competitive landscape allowed for the establishment of a new lending relationship for the borrower, featuring a loan with a 5-year term, interest-only payments for the initial 48 months, a recourse burndown provision, and attractive pricing including a step-down interest rate.
Robert Fransen, President of Coro Realty Advisors, expressed his appreciation: “Talonvest rose to the challenge even with the limited availability of banking options for new construction loans. Their extensive lender relations and knowledge of capital markets, combined with a collaborative team effort, significantly contributed to the success of this transaction.”
A Dedicated Team Behind the Project
The Talonvest team that represented Coro Realty Advisors on this financing endeavor included industry experts David DiRienzo, Britt Taylor, Mason Brusseau, Tom Sherlock, and Lauren Maehler, showcasing their commitment to supporting clients throughout the financing process.
About Talonvest Capital, Inc.
Talonvest Capital is a leading commercial real estate advisory firm that specializes in sourcing innovative lending solutions and analyzing capital market trends across various sectors, including industrial, self-storage, multifamily, office, and retail properties. With over 40 years of collective experience, the firm adopts a personalized boutique approach, leveraging institutional knowledge and maintaining active engagement during the entire assignment process, through to closing. Talonvest’s dedicated team brings a unique perspective, having extensive backgrounds in loan origination, managing institutional equity, executing nationwide joint ventures, and facilitating diverse capital placements for clients across the United States.
Contact Information
For inquiries, please reach out to:
Carole Stanley
Talonvest Capital, Inc.
Phone: 949.251.9900
Email: cstanley@talonvest.com
Explore our latest project featured in a photo available in accompanying announcements.
