Talonvest Secures $22.2M in Financing for Two Southern California Self-Storage Facilities

INDIO AND LA QUINTA, CALIF. — Talonvest Capital has negotiated non-recourse, securitized loans for William Warren Group for two self-storage facilities in Indio and La Quinta. Totaling $22.2 million, the 10-year, fixed-rate loans feature interest-only payments for the full term.

The two assets are StorQuest Indio, located at 83614 Dr. Carreon Blvd., and StorQuest La Quinta, at 47350 Dune Palms Road. The two properties feature a combined 218,000 net rentable square feet in 1,335 storage units. Additionally, the Indio facility offers 125 RV spaces.

Kim Bishop, Eric Snyder, Lauren Maehler and David DiRienzo of Talonvest handled the financing.