{"id":1004474305,"date":"2020-08-28T03:34:50","date_gmt":"2020-08-28T11:34:50","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004474305"},"modified":"2025-02-26T06:25:06","modified_gmt":"2025-02-26T14:25:06","slug":"austin-dallas-storage-assets-receive-13m-in-refis","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/austin-dallas-storage-assets-receive-13m-in-refis\/","title":{"rendered":"Austin, Dallas Storage Assets Receive $13M in Refis"},"content":{"rendered":"<div id=\"attachment_1004474308\" style=\"width: 310px\" class=\"wp-caption alignright\"><a href=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2020\/08\/Southlake-Storage.jpg\" target=\"_blank\" rel=\"noopener\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-1004474308\" data-attachment-id=\"1004474308\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/austin-dallas-storage-assets-receive-13m-in-refis\/southlake-storage\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2020\/08\/Southlake-Storage.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=\"Southlake Storage\" data-image-description=\"\" data-image-caption=\"&lt;p&gt;Southlake Storage. &lt;i&gt;Image courtesy of Talonvest&lt;\/i&gt;&lt;\/p&gt;\n\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2020\/08\/Southlake-Storage.jpg?w=800\" class=\"wp-image-1004474308 size-medium\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2020\/08\/Southlake-Storage.jpg\" alt=\"\" width=\"300\" height=\"233\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2020\/08\/Southlake-Storage.jpg 800w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2020\/08\/Southlake-Storage.jpg?resize=300,233 300w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2020\/08\/Southlake-Storage.jpg?resize=768,595 768w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/><\/a><p id=\"caption-attachment-1004474308\" class=\"wp-caption-text\">Southlake Storage. <i>Image courtesy of Talonvest Capital<\/i><\/p><\/div>\n<p>A partnership between The Jenkins Organization and Clark Investment Group has received two non-recourse bridge loans totaling $12.7 million for two self storage properties in Austin and Southlake, Texas. The Lakeline Storage and Southlake Storage facilities encompass 1,339 units spread across a total of 161,670 net rentable square feet.<\/p>\n<p>Lakeline Storage sits on a 2-acre parcel at 11000 Lakeline Blvd. in Austin. The three-story building was completed in 2017. The property provides climate-controlled units ranging in size from 25 to 300 square feet. In June, Skymar Capital Corp. originated a three-year, $6.1 million loan for the facility and subsequently assigned the note to Oxford Life Insurance Co., according to Williamson County records.<\/p>\n<p>Located on 2 acres at 2030 E. Continental Blvd., the three-story Southlake Storage property was delivered in 2019. The facility has climate-controlled units with sizes between 25 and 450 square feet. Skymar Capital Corp. provided a four-year $6.6 million loan and assigned it to Oxford Life Insurance Co., public records show.<\/p>\n<p>Both mortgages carry low 4 percent fixed interest rates, several years of interest-only payments and a step-down prepayment schedule. Additionally, Oxford Life Insurance required no ongoing leasing covenants for the refinancing packages.<\/p>\n<p>The Talonvest Capital team that secured the notes for the borrower included David DiRienzo, Eric Snyder, Jim Davies, Kim Bishop and Lauren Maehler. In July, the company <a href=\"https:\/\/www.commercialsearch.com\/news\/sacramento-storage-property-receives-refi\/\">arranged an $8.6 million CMBS loan<\/a> for a 96,765-square-foot self storage property in Roseville, Calif.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Talonvest assisted the borrower in securing two non-recourse, fixed-rate notes from Oxford Life Insurance.<\/p>\n","protected":false},"author":867,"featured_media":1004474308,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[1578,1586,21825,21742],"tags":[37303,33581,39558],"class_list":["post-1004474305","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-austin","category-dallas","category-finance","category-latest","tag-clark-investment-group","tag-talonvest-capital-inc","tag-the-jenkins-organization-incorporated"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v28.0 (Yoast SEO v28.0) - 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