Investec Refinances 3-Property SoCal Self Storage Portfolio with $54M Loan
It's the owner and financier's first deal together.
Investec Real Estate Cos. has refinanced a three-property Southern California self storage portfolio with a $53.5 million loan from New York Life Insurance Company, according to reporting by Commercial Observer. The portfolio totals 1,818 units and 243,496 net rentable square feet across assets in Highland, Goleta and Murrieta, Calif.
All three assets are operated by Extra Space Storage. The Goleta property is the largest of the three in the portfolio with 702 units and 95,192 net rentable square feet. The Highland facility has 550 units and 60,559 net rentable square feet, and the asset in Murrieta has 566 units and 87,705 net rentable square feet.
Talonvest Capital, a Newport Beach, Calif.-based commercial real estate advisory firm, arranged the five-year, full-term interest-only loan for Investec.
The partners’ first deal
This was the first financing Talonvest has secured for Investec, a Santa Barbara, Calif.-based real estate investment and management firm with more than $1.5 billion in transactions.
The Talonvest team negotiated a 15-basis point improvement in pricing, generating approximately $400,000 in interest savings over the loan term. Talonvest brokers also secured an early rate lock, protecting the borrower from interest rate increases prior to closing. The loan carries no cash management requirements.
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Andrew Marshall, director of business development; Kim Bishop, executive director, capital markets; Mason Brusseau, associate director and team manager; and Lauren Maehler, closing manager, were among the Talonvest team members that arranged the Investec financing.
Active lending landscape for Talonvest
Talonvest has closed more than $424 million in financing transactions in the past 90 days, including several other self storage deals. Last month, the firm arranged a $47.7 million permanent loan from an unidentified bank to refinance a six-property portfolio with more than 600,000 square feet of space in Texas for The Jenkins Organization and Clark Investment Group. The assets are located in Houston, Austin, McKinney, Frisco and Bee Cave, Texas.
In July, Talonvest secured $57.7 million to refinance seven Class A self storage properties in Florida for HIP Real Estate Services & Investments. Developed between 2021 and 2024, the properties total 4,598 units and 486,769 net rentable square feet.
A month earlier, the firm arranged $48 million in refinancing from a life company for six self storage properties owned by BRB Development in Connecticut, Florida, Illinois, Minnesota and New Jersey. The properties have a total of 5,006 units, two retail units and 497,185 net rentable square feet of space.
In November 2025, Talonvest arranged a $45.2 million construction loan from a partnership between Affinius Capital and Axonic Capital for Deca Cos. to develop a 1,600-unit self storage project in San Francisco. The project is located at 2270 McKinnnon Ave. near U.S. Route 101 and Interstate 280. The five-story, 175,000-square-foot Class A facility is managed under the Extra Space brand. It includes space for RV and boat storage.
