{"id":1051602,"date":"2026-09-08T21:00:15","date_gmt":"2026-09-08T21:00:15","guid":{"rendered":"https:\/\/www.europesays.com\/us\/1051602\/"},"modified":"2026-09-08T21:00:15","modified_gmt":"2026-09-08T21:00:15","slug":"new-york-life-provides-54m-refi-for-california-self-storage-portfolio-commercial-observer","status":"publish","type":"post","link":"https:\/\/www.europesays.com\/us\/1051602\/","title":{"rendered":"New York Life Provides $54M Refi for California Self-Storage Portfolio \u2013 Commercial Observer"},"content":{"rendered":"<p><b><a href=\"https:\/\/commercialobserver.com\/company\/investec-real-estate-companies\/\" title=\"Investec Real Estate Companies\" class=\"company-link\" rel=\"nofollow noopener\" target=\"_blank\">Investec Real Estate Companies<\/a><\/b> has secured $53.5 million to refinance a portfolio of three self-storage assets in Central and Southern California that span 253,496 rentable square feet and hold 1,818 units, according to a release.\u00a0<\/p>\n<p><b><a href=\"https:\/\/commercialobserver.com\/company\/new-york-life\/\" title=\"New York Life\" class=\"company-link\" rel=\"nofollow noopener\" target=\"_blank\">New York Life<\/a> <\/b>provided the debt, structured as a five-year, full-term, interest-only loan, while <b><a href=\"https:\/\/commercialobserver.com\/company\/talonvest-capital\/\" title=\"Talonvest Capital\" class=\"company-link\" rel=\"nofollow noopener\" target=\"_blank\">Talonvest Capital<\/a><\/b>\u2019s <b>Andrew Marshall, Kim Bishop, Mason Brusseau <\/b>and <b>Lauren Maehler<\/b> arranged the transaction.\u00a0<\/p>\n<p>SEE ALSO: <a href=\"https:\/\/commercialobserver.com\/2026\/09\/nuveen-green-capital-c-pace-cleveland-w-hotel\/\" rel=\"nofollow noopener\" target=\"_blank\">Nuveen Green Capital Supplies $93M C-PACE Loan for Cleveland Office Conversion to W Hotel\u00a0<\/a><\/p>\n<p><b>Kenny Slaught,<\/b> president of Investec Real Estate, praised Talonvest Capital in a statement and noted that the financing deal saved his firm $400,000 in interest over the loan term. Slaught added that the loan includes an early rate lock, protecting Investec from any interest rate changes that occur prior to closing.<\/p>\n<p>\u201cTalonvest understood our objectives, identified the right capital source, and delivered a loan that exceeded our expectations,\u201d Slaught said. \u201cTheir capital markets expertise and ability to negotiate superior terms created meaningful value for our portfolio.\u201d<\/p>\n<p>The three self-storage assets are in the California cities of Highland, Goleta and Murrieta.\u00a0<\/p>\n<p>Brian Pascus can be reached at <a href=\"https:\/\/commercialobserver.com\/2026\/09\/new-york-life-california-self-storage-portfolio\/mailto:bpascus@commercialobserver.com\" rel=\"nofollow noopener\" target=\"_blank\">bpascus@commercialobserver.com<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"Investec Real Estate Companies has secured $53.5 million to refinance a portfolio of three self-storage assets in Central&hellip;\n","protected":false},"author":3,"featured_media":1051603,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":"","_share_on_mastodon":"0"},"categories":[5122],"tags":[5229,421217,405,403,5226,5225,5228,5227,67,586,132,5230,68,2969],"class_list":["post-1051602","post","type-post","status-publish","format-standard","has-post-thumbnail","category-new-york","tag-america","tag-kenny-slaught","tag-new-york","tag-new-york-city","tag-newyork","tag-newyorkcity","tag-ny","tag-nyc","tag-united-states","tag-united-states-of-america","tag-unitedstates","tag-unitedstatesofamerica","tag-us","tag-usa"],"share_on_mastodon":{"url":"https:\/\/pubeurope.com\/@us\/117237437190855997","error":""},"_links":{"self":[{"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/posts\/1051602","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/comments?post=1051602"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/posts\/1051602\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/media\/1051603"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/media?parent=1051602"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/categories?post=1051602"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/tags?post=1051602"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}