{"id":1004330852,"date":"2019-06-14T04:19:19","date_gmt":"2019-06-14T12:19:19","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004330852"},"modified":"2025-02-28T00:30:29","modified_gmt":"2025-02-28T08:30:29","slug":"ny-self-storage-portfolio-receives-49m-loan","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/ny-self-storage-portfolio-receives-49m-loan\/","title":{"rendered":"New York Self Storage Portfolio Receives $49M Loan"},"content":{"rendered":"<div id=\"attachment_1004330858\" style=\"width: 310px\" class=\"wp-caption alignright\"><a href=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/06\/Bronx.jpg\" target=\"_blank\" rel=\"noopener\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-1004330858\" data-attachment-id=\"1004330858\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/ny-self-storage-portfolio-receives-49m-loan\/bronx\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/06\/Bronx.jpg\" data-orig-size=\"1079,836\" data-comments-opened=\"0\" data-image-meta=\"{&quot;aperture&quot;:&quot;0&quot;,&quot;credit&quot;:&quot;&quot;,&quot;camera&quot;:&quot;&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;0&quot;,&quot;copyright&quot;:&quot;&quot;,&quot;focal_length&quot;:&quot;0&quot;,&quot;iso&quot;:&quot;0&quot;,&quot;shutter_speed&quot;:&quot;0&quot;,&quot;title&quot;:&quot;&quot;,&quot;orientation&quot;:&quot;0&quot;}\" data-image-title=\"1320 Zerega Ave. Image courtesy of Talonvest Capital\" data-image-description=\"&lt;p&gt;1320 Zerega Ave. Image courtesy of Talonvest Capital &lt;\/p&gt;\n\" data-image-caption=\"&lt;p&gt;1320 Zerega Ave. Image courtesy of Talonvest Capital &lt;\/p&gt;\n\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/06\/Bronx.jpg?w=1024\" class=\"wp-image-1004330858 size-medium\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/06\/Bronx.jpg\" alt=\"\" width=\"300\" height=\"232\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/06\/Bronx.jpg 1079w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/06\/Bronx.jpg?resize=300,232 300w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/06\/Bronx.jpg?resize=768,595 768w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/06\/Bronx.jpg?resize=1024,793 1024w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/><\/a><p id=\"caption-attachment-1004330858\" class=\"wp-caption-text\">1320 Zerega Ave. <em>Image courtesy of Talonvest Capital<\/em><\/p><\/div>\n<p>A joint venture comprising Clark Investment Group and GoodFriend Management has received a $48.8 million bridge loan for a three-property self-storage portfolio in metro New York City. Talonvest Capital negotiated the cash-out, non-recourse financing, which bears a 3-year, interest-only rate and included interest\/operating reserve, individual release provisions as well as prepayment flexibility.&nbsp;<\/p>\n<p>The Class A properties total 175,531 square feet, featuring a modern design. Amenities include full climate control, large interior loading area, digital webcam security system and covered parking.<\/p>\n<p>The portfolio encompasses facilities situated at 316 W. First St. in Mt. Vernon, 1320 Zerega Ave. in The Bronx and 175 Huguenot St. in New Rochelle. The properties provide high visibility and easy access to main thoroughfares, including Bronx River Parkway, Hutchinson River Parkway and Interstate 95.<\/p>\n<p>The Talonvest Capital team of Kim Leslie Bishop, Jim Davies, Tom Sherlock and Eric Snyder arranged the loan. Last month, the same team negotiated the <a href=\"https:\/\/www.commercialsearch.com\/news\/metro-storage-lands-78m-refi-for-8-property-portfolio\/\">refinancing&nbsp;of an eight-property portfolio<\/a> across three states.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The three properties encompass a total of 176,000 square feet and benefit from strategic positioning in the Bronx, Mt. Vernon and New Rochelle.<\/p>\n","protected":false},"author":741,"featured_media":1004330858,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21825,1600,21742,10],"tags":[37303,45926,33581],"class_list":["post-1004330852","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-finance","category-new-york","category-latest","category-northeast","tag-clark-investment-group","tag-goodfriend-management","tag-talonvest-capital-inc"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v23.4 (Yoast SEO v24.6) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>New York Self Storage Portfolio Receives $49M Loan - Commercial Property Executive<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.commercialsearch.com\/news\/ny-self-storage-portfolio-receives-49m-loan\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"New York Self Storage Portfolio Receives $49M Loan\" \/>\n<meta property=\"og:description\" content=\"The three properties encompass a total of 176,000 square feet and benefit from strategic positioning in the Bronx, Mt. 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