REBusinessOnline

Talonvest Negotiates $13.8M Refinancing for Self-Storage Facility in Seattle

3736-Rainier-Ave-S-Seattle-WA

West Coast Self-Storage in Seattle features 851 climate-controlled units and 64,689 net rentable square feet.

SEATTLE — Talonvest Capital has secured a $13.8 million permanent loan on behalf of Catalyst Storage Investors for West Coast Self-Storage in Seattle. A CMBS lender funded the non-recourse, 10-year, fixed-rate, full-term, interest-only financing.

The loan is secured by a Class A self-storage asset located at 3736 Rainier Ave. South in Seattle. Developed in 2014 by the borrower, the facility features 851 climate-controlled units and 64,689 net rentable square feet.

Kim Bishop, Jim Davies, Tom Sherlock, David DiRienzo and Lauren Maehler of Talonvest arranged the financing.

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