{"id":1004451448,"date":"2020-05-25T00:47:54","date_gmt":"2020-05-25T08:47:54","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004451448"},"modified":"2025-02-27T01:09:02","modified_gmt":"2025-02-27T09:09:02","slug":"denver-storage-project-receives-construction-financing","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/denver-storage-project-receives-construction-financing\/","title":{"rendered":"Denver Storage Project Receives Construction Financing"},"content":{"rendered":"<div id=\"attachment_1004451454\" style=\"width: 310px\" class=\"wp-caption alignright\"><a href=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2020\/05\/15240-Coal-Creek-Road.jpg\" target=\"_blank\" rel=\"noopener\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-1004451454\" data-attachment-id=\"1004451454\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/denver-storage-project-receives-construction-financing\/15240-coal-creek-road\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2020\/05\/15240-Coal-Creek-Road.jpg\" data-orig-size=\"800,620\" 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=\"15240 Coal Creek Road\" data-image-description=\"\" data-image-caption=\"&lt;p&gt;15240 Coal Creek Road. &lt;i&gt;Image courtesy of Talonvest Capital&lt;\/i&gt;&lt;\/p&gt;\n\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2020\/05\/15240-Coal-Creek-Road.jpg?w=800\" class=\"wp-image-1004451454 size-medium\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2020\/05\/15240-Coal-Creek-Road.jpg\" alt=\"\" width=\"300\" height=\"233\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2020\/05\/15240-Coal-Creek-Road.jpg 800w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2020\/05\/15240-Coal-Creek-Road.jpg?resize=300,233 300w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2020\/05\/15240-Coal-Creek-Road.jpg?resize=768,595 768w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/><\/a><p id=\"caption-attachment-1004451454\" class=\"wp-caption-text\">15240 Coal Creek Road. <i>Image courtesy of Talonvest Capital<\/i><\/p><\/div>\n<p>Advantage Storage has taken out a $7.7 million loan for the development of a 73,750-rentable-square-foot self storage facility in Arvada, Colo. Great Western Bank provided the note, according to Jefferson County records. The mortgage matures in 2025. Loan terms include a LIBOR-based variable interest rate and three years of interest-only payments.<\/p>\n<p>The developer acquired the site for $900,000 from a private investor in 2017, according to PropertyShark. Located on 5 acres at 15240 Coal Creek Road, the project will include both drive-up and indoor climate-controlled units. The site for the new development is 17 miles northwest of downtown Denver.<\/p>\n<p>Talonvest Capital arranged the financing on behalf of the borrower. The brokerage team included Principals Eric Snyder, Tom Sherlock and Jim Davies and colleagues Erich Pryor, Lauren Maehler and David DiRienzo. Earlier this month, the firm also <a href=\"https:\/\/www.commercialsearch.com\/news\/the-william-warren-group-expands-storquest-portfolio\/\">arranged a $6 million acquisition loan<\/a> for a StorQuest facility in Venice, Fla. The William Warren Group paid $8.7 million for the asset.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Great Western Bank originated a five-year development loan for a 73,750-square-foot property.<\/p>\n","protected":false},"author":867,"featured_media":1004451454,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[1587,21825,21742,15],"tags":[33855,33581],"class_list":["post-1004451448","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-denver","category-finance","category-latest","category-west","tag-eric-snyder","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>Denver Storage Project Receives Construction Financing - 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\/denver-storage-project-receives-construction-financing\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Denver Storage Project Receives Construction Financing\" \/>\n<meta property=\"og:description\" content=\"Great Western Bank originated a five-year development loan for a 73,750-square-foot property.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/denver-storage-project-receives-construction-financing\/\" \/>\n<meta property=\"og:site_name\" content=\"Commercial Property Executive\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/CPExecutive\" \/>\n<meta property=\"article:published_time\" content=\"2020-05-25T08:47:54+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2025-02-27T09:09:02+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2020\/05\/15240-Coal-Creek-Road.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"800\" \/>\n\t<meta property=\"og:image:height\" content=\"620\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Pavel Cazacu\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@cpexecutive\" \/>\n<meta name=\"twitter:site\" content=\"@cpexecutive\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/denver-storage-project-receives-construction-financing\/\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/denver-storage-project-receives-construction-financing\/\",\"name\":\"Denver Storage Project Receives Construction Financing - Commercial Property Executive\",\"isPartOf\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/denver-storage-project-receives-construction-financing\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/denver-storage-project-receives-construction-financing\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2020\/05\/15240-Coal-Creek-Road.jpg\",\"datePublished\":\"2020-05-25T08:47:54+00:00\",\"dateModified\":\"2025-02-27T09:09:02+00:00\",\"author\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/caac04e9f88552f7c898ba456c2498d8\"},\"breadcrumb\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/denver-storage-project-receives-construction-financing\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.commercialsearch.com\/news\/denver-storage-project-receives-construction-financing\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/denver-storage-project-receives-construction-financing\/#primaryimage\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2020\/05\/15240-Coal-Creek-Road.jpg\",\"contentUrl\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2020\/05\/15240-Coal-Creek-Road.jpg\",\"width\":800,\"height\":620,\"caption\":\"15240 Coal Creek Road. 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