{"id":457541,"date":"2026-09-08T21:16:08","date_gmt":"2026-09-08T21:16:08","guid":{"rendered":"https:\/\/www.newsbeep.com\/us-ca\/457541\/"},"modified":"2026-09-08T21:16:08","modified_gmt":"2026-09-08T21:16:08","slug":"new-york-life-provides-54m-refi-for-california-self-storage-portfolio-commercial-observer","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/us-ca\/457541\/","title":{"rendered":"New York Life Provides $54M Refi for California Self-Storage Portfolio \u2013 Commercial Observer"},"content":{"rendered":"<p><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> 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><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> provided the debt, structured as a five-year, full-term, interest-only loan, while <a href=\"https:\/\/commercialobserver.com\/company\/talonvest-capital\/\" title=\"Talonvest Capital\" class=\"company-link\" rel=\"nofollow noopener\" target=\"_blank\">Talonvest Capital<\/a>\u2019s Andrew Marshall, Kim Bishop, Mason Brusseau and Lauren Maehler 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>Kenny Slaught, 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":2,"featured_media":457542,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[6],"tags":[7,9,8,180540],"class_list":["post-457541","post","type-post","status-publish","format-standard","has-post-thumbnail","category-california","tag-california","tag-california-headlines","tag-california-news","tag-kenny-slaught"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/us-ca\/wp-json\/wp\/v2\/posts\/457541","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/us-ca\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/us-ca\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ca\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ca\/wp-json\/wp\/v2\/comments?post=457541"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/us-ca\/wp-json\/wp\/v2\/posts\/457541\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ca\/wp-json\/wp\/v2\/media\/457542"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/us-ca\/wp-json\/wp\/v2\/media?parent=457541"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ca\/wp-json\/wp\/v2\/categories?post=457541"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ca\/wp-json\/wp\/v2\/tags?post=457541"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}