Joint venture secures $49M in financing for self-storage portfolio with Westchester assets

A joint venture has received a $48.8 million loan for three self-storage properties, two of which are in Westchester County, Commercial Property Executive reported. One of the facilities is at 316 West First Street in Mount Vernon, while the other two are at 175 Huguenot Street in New Rochelle and at 1320 Zerega Avenue in the Bronx. All three together total 175,531 square feet and have amenities including “full climate control, large interior loading area, digital webcam security system and covered parking,” according to CPE. The outlet noted that the properties have “high visibility and easy access to main thoroughfares,” including the Bronx River Parkway, Hutchinson River Parkway and Interstate 95. Wichita-based Clark Investment Group and New York-based self-storage firm GoodFriend Management make up the joint venture, whose financing was negotiated by Talonvest Capital, an Irvine, California-based boutique self-storage and commercial real estate mortgage brokerage. [CPE]