Professional Commercial Loans Officer
  • Streamlined process to get your loan done
  • Creative funding solutions
  • Email nick@commercial-loans-source.com
  • Fast closing of deals
  • Fill out the contact form or call now!
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Self Storage Loans

Every self storage property is evaluated based on its location, size, occupancy, unit mix, age, gross rental income, as well as other factors. A typical self storage property is underwritten with a vacancy rate determined by its market and an operating expense ratio in the 30-45% range. A typical self storage loan is amortized over 25 year and in some cases the remaining economic life the property can justify a 30 year amortization.

Self Storage Loan Overview

  • Loan Amount $500 – $25,0000
  • 25 – 30 Year Amortization (based on age and strength of the property)
  • Up to 80% LTV, typically around 75% 
  • 3,5,7,10 Year Fixed Rates
  • Assumable at Lender Discretion
  • Flexible Prepayment Options
  • Recourse on non recourse options
  • Minimal or No Replacement Reserves
  • Low third parties costs

 

Professional Commercial Loan Officer
  • Streamlined process to get your loan done
  • Creative funding solutions
  • Email nick@commercial-loans-source.com
  • Fast closing of deals
  • Fill out the contact form or call now!
Name
Email
Phone