Self Storage Investing
Lenders love the self-storage asset class, and can’t wait for good deals to finance. Why? It’s pretty simple, really. The Self-Storage industry continues to explode, it produces predictable cash-flow and it has the lowest failure rate of any Commercial Real Estate investment going. So what’s not to love about it? Not much. That’s why we not only provide capital, we are self-storage investors as well. Much like Multi-Family investing, we just “get it”, and this means we understand what it takes to bring a deal home.
So if you’ve got a 60k square foot facility in “Anywhere, USA” and need $6M in capital to close, give us a call. If the facility needs additional capital to make improvements in order to hit your NOI targets, we’ve got you covered. If you want to do a ground up build and need capital for land acquisition and construction, we know how to do that as well. Bottom line — if you’ve got a project in the self-storage space, give us a call because we would love to hear about it.
SELF-STORAGE FINANCING PROGRAM HIGHLIGHTS
Please note that these are just a few of the options we have available. We will work with you to find the perfect fit for your project.
BRIDGE TO FREDDIE MAC
- Uses: Purchase, Recapitalization, Refinancing (Including Cash-Out), Upgrades and/or Seasoning, Expedited Closings
- Good for Non-Stabilized Properties, Rehab/Renovations
- Loan Size: $1MM – $7.5MM
- Leverage up to 85% LTC/80% LTV
- Terms: Typically < 2 yrs with 6 month to 1 yrs extensions available
- Interest Only
FIXED RATE PROGRAM
- Uses: Acquisition, Refinance, Cash Out
- Property Types: Multifamily, office, retail, industrial, self-storage and hospitality
- Loan Size: $1MM – $25MM with portfolios up to $100MM
- Stabilized properties
- Terms: 2-10 yrs (can consider longer terms on case-by-case basis) with up to 30 yr amortization
- Flexible payment schedules
- As low as 1.20x DSCR
- No minimum FICO stated
- Can close in less than 30 days when requested
FIXED RATE FREDDIE MAC SBL PROGRAM
- Loan size: $1MM to $7.5MM
- Terms: Fixed 5, 7, 10 yr, Hybrid 20 yr ARM with initial 5, 7, 10 yr fixed
- Prepayment: Declining schedules available
- 120x DSCR Top, 1.25x Standard, 1.30 Small/Very Small
- Stabilized properties
- Amortization: Interest only partial term and full-term may be available with 30 year amortization.
- Minimum 650 Avg FICO, Net Worth equal to loan amount, Liquidity equal to nine months debt service.