Bradenton storage facility gets $9.1M loan

A California-based real estate firm has negotiated a $9.12 million loan for a Bradenton storage facility that was built in the past few years.

Talonvest Capital recently closed the deal for Strategic Storage Trust VI Inc., a publicly registered, non-traded real estate investment trust sponsored by an affiliate of SmartStop Self Storage REIT Inc.

The loan is for SmartStop Self Storage, an 800-unit facility with 64,400 net rental square footage at 6424 14th St. W. in Bradenton. According to a statement, the loan provides five-year fixed-rate financing with two years of interest-only payments.