Talonvest Capital negotiates USD 21.7 million for NorCal


Irvine, Calif., February 18, 2021 (GLOBE NEWSWIRE) – Talonvest Capital, Inc. and its longtime client, CIP Real Estate, have successfully completed another loan to acquire Cabot Business Park, a four-building, four-building, Cabot Business Park. The business park benefits from its direct access to Interstate 880 and Highway 92, which makes it centrally located and offers excellent access to the greater San Francisco Bay area.

The non-recourse, bank-financed loan has a term of 5 years with two 12-month extension options, only interest payments, flexibility in prepayment and no ongoing leasing or financing agreements during the initial loan period. The variable-interest loan was exchanged upon conclusion, which resulted in an effective fixed price of less than 3%. Bob Strom, Chairman of CIP Real Estate, commented: “We continue to rely on Talonvest’s outstanding experience and capital relationships to create a competitive bidding scenario and manage the entire credit process. With Talonvest, we have the security of concluding financially attractive prices. ”The Talonvest team responsible for this transaction comprised Erich Pryor, Mason Brusseau, Tom Sherlock and Lauren Maehler.

About Talonvest
Talonvest Capital, Inc. is a boutique real estate company providing advisory services to commercial and self-storage real estate investors, owners and developers across the United States. The company leverages a unique collaborative team approach and four decades of institutional knowledge and expertise from team members to provide better capital solutions to its clients.

About CIP Real Estate
CIP Real Estate LLC is a full-service real estate investment company focused on the acquisition, repositioning, rebranding and management of industrial assets in the West Coast, Southeast and Texas markets. Founded in 1995 and based in Irvine, California, the company owns and manages approximately 6.7 million square feet of high quality real estate with offices in Ontario (CA), Riverside (CA), Hayward (CA), Las Vegas, Charlotte and Atlanta. www.ciprealestate.com.

A photo accompanying this announcement is available at: https://www.globenewswire.com/NewsRoom/AttachmentNg/df348bdb-5e67-423a-8b7d-cc0c9913da5b


        
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