Talonvest Secures $10M for Go Store It
Talonvest Capital has arranged $10.3 million in financing on behalf of Go Store It, the self storage branch of Madison Capital Group. The loan includes $4.8 million in construction financing and $5.5 million in bridge financing. A Midwest-based bank provided the funds.
Go Store It received the five-year fixed-rate construction loan for the development of a 62,811-rentable-square-foot Class A facility in Louisville, Ky. The loan features 36 months of interest-only payments and a prepayment burndown schedule. The new three-story development is set to comprise a total of 661 climate-controlled units. Located in the heart of Southeast Louisville, the facility will be easily accessible from major thoroughfares such as Bardstown Road and Interstate 264……
