By Nick Bilava, Storage.com

Catalyst Storage Investors Secure Financing to Grow Portfolio

It was announced earlier this month that Catalyst Storage Investors LLC, an investment firm specializing in self storage ventures, has secured permanent finances totaling $31 million, for five self storage facilities. Catalyst helped develop the facilities with West Coast Self Storage.

The five facilities have a combined 255,000 rentable square feet. Three of the properties will be in California with the remaining two to be built in Washington.

Talonvest Capital Inc., a boutique real estate adviser, led in negotiating and structuring the deal. The deal that is in place is a non-recourse loan that is “funded by an insurance company and structured with five years of interest-only payments, a ten-year fixed interest rate of 3.9 percent, and an earn-out provision based on future income growth.”

Catalyst Storage Investors specializes in self storage investment through acquisitions and development. West Coast Self-Storage currently owns or manages 28 self storage properties in California, Oregon, and Washington.

Source: Inside Self-Storage