Talonvest Capital has arranged a $63 million bridge loan on behalf of 1784 Holdings for a new self-storage facility in Bethesda, Maryland. The borrower, a privately held real estate development company focused on self-storage assets, engaged Talonvest to secure pre-Certificate of Occupancy financing to support the project through its initial phase.
The financing is structured as a pre–Certificate of Occupancy bridge loan for a Class A self-storage property. The facility is planned to include 1,560 climate-controlled units totaling 131,559 square feet. According to the parties, the property is positioned along River Road in an affluent submarket within the greater Washington, D.C. area, approximately seven miles from the U.S. Capitol.
Talonvest Capital professionals Thomas Sherlock, Kim Bishop, Mason Brusseau, and Lauren Maehler led the assignment and arranged the bridge financing. The loan features a four-year term with full-term interest-only payments, as well as an extension option, providing the sponsor with additional flexibility during stabilization. The capital was sourced from a private credit lender, which is not named in the announcement.
1784 Holdings specializes in the development, construction, and operation of self-storage facilities, and this Bethesda project aligns with its focus on Class A climate-controlled properties. The structure and size of the bridge loan are designed to support the project as it advances toward completion and lease-up, before transitioning to longer-term capital.
Commenting on the transaction, Shane Albers, CEO and Principal of 1784 Holdings, said that Talonvest has been a valuable partner in supporting the company’s continued growth. He noted that Talonvest’s team understands the firm’s business, approaches each financing assignment strategically, and consistently delivers solutions aligned with its objectives. The Bethesda financing continues the relationship between Talonvest and 1784 Holdings in the self-storage sector.
The transaction underscores ongoing lender interest in well-located self-storage properties in established, higher-income submarkets. With a sizable unit count, fully climate-controlled space, and proximity to central Washington, D.C., the facility is positioned to serve demand from residential and business customers in the surrounding area once it becomes operational.
