Talonvest Negotiates $51,317,000 Acquisition Loan for Texas Storage Portfolio
NEWPORT BEACH, CA., May 20, 2025 (GLOBE NEWSWIRE) -- Talonvest Capital, Inc., a boutique commercial real estate mortgage brokerage firm, is pleased to announce the successful closing of a $51,317,000 acquisition loan on behalf of Reframe Holdings (Reframe). Reframe acquired eight-property institutional quality self-storage facilities, known as the Steelcreek Portfolio, located in key markets of Dallas, Austin, and Houston, TX. The portfolio has approximately 620,000 net rentable square feet of self-storage units, covered and uncovered parking spaces, small bay industrial units and inline retail. Reframe's business plan for the portfolio post-closing is to rebrand the assets with third party management provided by Extra Space Storage (6 facilities) and CubeSmart (2 facilities) and improve the properties through targeted capital expenditures.
Talonvest negotiated the non-recourse, low interest, floating rate acquisition loan with a 5 year term from a national bank and successfully delivered maximum flexibility for Reframe.
'Talonvest delivered an outstanding loan for us, and their hands-on approach and deep sector knowledge was key in getting this closed efficiently,' said Matt Dicker, Co-Founder and Managing Partner of Reframe Holdings. The Talonvest team members involved in this assignment included Anna Siradze, Britt Taylor, Ivan Viramontes, Tom Sherlock, and Lauren Maehler.
About Talonvest Capital Inc.Talonvest Capital is a commercial real estate advisory firm specializing in sourcing cutting-edge lending programs and advising on capital market trends for industrial, self-storage, multifamily, office, and retail property owners. Talonvest Capital offers a unique boutique approach by leveraging the company's collective institutional knowledge and remaining highly engaged throughout the entire assignment, including the closing process, to deliver tailored capital solutions for their clients. Learn more at https://talonvest.com.
About Reframe HoldingsReframe Holdings is a commercial real estate investment owner, manager and sponsor. Reframe acquires Class A and B self-storage assets in top MSAs across the US, focusing on institutional-quality assets in retail-grade locations, supply-constrained submarkets and alignment with third-party management platforms. To learn more, please visit: reframeholdings.com.
Contact:
Carole Stanley
Talonvest Capital, Inc.
949.251-9900
cstanley@talonvest.com
A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/46688fc2-a32c-4ff0-a545-3f3cb32f0955
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Yahoo
20-05-2025
- Yahoo
Talonvest Negotiates $51,317,000 Acquisition Loan for Texas Storage Portfolio
NEWPORT BEACH, CA., May 20, 2025 (GLOBE NEWSWIRE) -- Talonvest Capital, Inc., a boutique commercial real estate mortgage brokerage firm, is pleased to announce the successful closing of a $51,317,000 acquisition loan on behalf of Reframe Holdings (Reframe). Reframe acquired eight-property institutional quality self-storage facilities, known as the Steelcreek Portfolio, located in key markets of Dallas, Austin, and Houston, TX. The portfolio has approximately 620,000 net rentable square feet of self-storage units, covered and uncovered parking spaces, small bay industrial units and inline retail. Reframe's business plan for the portfolio post-closing is to rebrand the assets with third party management provided by Extra Space Storage (6 facilities) and CubeSmart (2 facilities) and improve the properties through targeted capital expenditures. Talonvest negotiated the non-recourse, low interest, floating rate acquisition loan with a 5 year term from a national bank and successfully delivered maximum flexibility for Reframe. 'Talonvest delivered an outstanding loan for us, and their hands-on approach and deep sector knowledge was key in getting this closed efficiently,' said Matt Dicker, Co-Founder and Managing Partner of Reframe Holdings. The Talonvest team members involved in this assignment included Anna Siradze, Britt Taylor, Ivan Viramontes, Tom Sherlock, and Lauren Maehler. About Talonvest Capital Capital is a commercial real estate advisory firm specializing in sourcing cutting-edge lending programs and advising on capital market trends for industrial, self-storage, multifamily, office, and retail property owners. Talonvest Capital offers a unique boutique approach by leveraging the company's collective institutional knowledge and remaining highly engaged throughout the entire assignment, including the closing process, to deliver tailored capital solutions for their clients. Learn more at About Reframe HoldingsReframe Holdings is a commercial real estate investment owner, manager and sponsor. Reframe acquires Class A and B self-storage assets in top MSAs across the US, focusing on institutional-quality assets in retail-grade locations, supply-constrained submarkets and alignment with third-party management platforms. To learn more, please visit: Contact: Carole Stanley Talonvest Capital, Inc. 949.251-9900 cstanley@ A photo accompanying this announcement is available at
Yahoo
23-04-2025
- Yahoo
Talonvest Negotiates $22.1M in Insurance Company Loans for WA and FL Properties
NEWPORT BEACH, CA., April 23, 2025 (GLOBE NEWSWIRE) -- Talonvest Capital, Inc. is proud to announce two recent closings for Strategic Storage Trust VI, Inc., a publicly registered non-traded real estate investment trust sponsored by an affiliate of our long-term client, SmartStop Self Storage REIT, Inc. The first is a $13,000,000 non-recourse bridge loan for the refinance of a facility located at 16600 SE 18th Street in Vancouver, WA. The asset, built in 2020, has approximately 99,800 NRSF and 1,100 units, 97% of which are climate-controlled. Talonvest also negotiated a $9,120,000 loan for an approximately 64,400 NRSF facility located at 6424 14th Street West in Bradenton, FL with 800 total units. Both loans provided the client with 5-year fixed-rate financing with two years of interest-only payments. Talonvest has closed 40 deals with the insurance company that funded these loans which featured a step-down prepayment penalty and no ongoing leasing covenants. H. Michael Schwartz, President and CEO of Strategic Storage Trust VI, Inc. shared, "Collaborating with Talonvest continues to be a positive experience for us. They delivered a seamless, efficient process from start to finish and always impress us with their expertise in the capital markets." The Talonvest team responsible for these assignments included Britt Taylor, Eric Snyder, Ivan Viramontes, and Lauren Maehler. About Talonvest Capital Inc. Talonvest Capital is a commercial real estate advisory firm specializing in sourcing cutting-edge lending programs and advising on capital market trends for industrial, self-storage, multifamily, office, and retail property owners. Talonvest Capital offers a unique boutique approach by leveraging the company's collective institutional knowledge and remaining highly engaged throughout the entire assignment, including the closing process, to deliver tailored capital solutions for their clients. Learn more at WABradenton, FL Contact: Carole Stanley Talonvest Capital, Inc. 949.251-9900 cstanley@ Photos accompanying this announcement are available at: in to access your portfolio
Business Journals
22-04-2025
- Business Journals
Reframe Systems eyes Los Angeles market after fires
Reframe Systems, an Andover company started by former Amazon Robotics personnel, is entering the Los Angeles market in response to the devastating wildfires that destroyed thousands of homes in January. The Andover-based modular construction startup Reframe Systems is building its first homes in Greater Boston. But some of its next units could go up on the other side of the country. Reframe is entering the Los Angeles market in response to the devastating wildfires that destroyed thousands of homes in January. It's staffing up in California and plans to ship a 400-square-foot showroom unit out west this summer, as a proof of concept for contractors, government officials and residents whose homes were destroyed in the blaze. The company was founded in 2022 by Vikas Enti and two of his former colleagues at Amazon Robotics in North Reading. Enti, Reframe's chief executive, wanted to start a business focused on addressing climate change and decided that putting his robotics and software background to use building energy-efficient homes was the best way to do it. Today, robots named Adam, Jeanie and Carlsbad are busy framing and painting walls in an Andover factory. Reframe has only built a handful of houses so far, including its first last year, a two-story, nearly 1,000-square-foot accessory dwelling unit in Arlington. Vikas and his partners have big ambitions, however, envisioning a nationwide network of micro-factories. They thought they'd enter California in 18 months or so, but they accelerated that timeline literally days after the fires started: Reframe's board decided in mid-January to go to L.A. 'It became pretty clear very quickly that the existing supply and infrastructure in the L.A. market would not be able to keep up with the sudden spike of demand,' Enti said. 'All of the work we've been doing to build homes that are resilient applies really nicely to what the market needs there.' Reframe's emphasis on climate-friendly construction makes particular sense in Los Angeles, he said, given that the city is fast-tracking permitting for homes that are all-electric and more fire-resistant. The company's leaders are taking a two-phase approach. In the first phase, it will build the homes in Massachusetts and ship them to California, where a local general contractor will finish the job. It's already been in talks with GCs, Enti said. It has a design team in northern California and has been interviewing candidates for sales jobs in the L.A. area. Reframe would then open a micro-factory in the Golden State, likely in Los Angeles County itself. That would depend on generating enough business to make the investment worthwhile, Enti said. The company is eyeing at least $10 million in contracts as a starting point. It is not easy for a small Boston-area modular startup to gain a foothold in a real estate market 3,000 miles away, but Enti sees the wildfires as presenting unique circumstances. Generally speaking, shipping a pre-built home across the country would be prohibitively expensive, as contractors often have to pay for escort vehicles and sometimes a police escort to tail the trucks carrying the structures. However, the significantly inflated costs of rebuilding in fire-ravaged places like Altadena and the Palisades changes that math, according to Enti. Labor and other costs are substantial for rebuilding so many properties at once, especially given the construction already set to happen in L.A. for the World Cup in 2026 and the Olympics in 2028. 'It's a market that is four to five times as high in cost compared to what we're seeing in New England,' Enti said. As it is, for duplexes and larger buildings, Reframe has aimed for a price of under $300 per square foot. The company designs modules narrower than 12 feet in order to limit shipping costs, he said. The showcase ADU is meant not only to 'allow us to have a product in the field that customers and regulators can touch and feel,' Enti said, but to help get Reframe's Andover factory certified to produce housing in California. He said earlier this month that the company hopes to start shifting production to an L.A.-area factory in early 2026. Largest Homebuilders in Mass. No. of deed closings Rank Prior Rank Firm/Prior rank (*unranked in 2023)/ 1 1 Pulte Homes 2 2 Toll Brothers 3 3 Stonebridge Homes View this list
