Self Storage Unit Loans
Loan amount ranges from: $1,000,000 - $100,000,000
Peoples Choice Mortgage provides commercial lending for Self Storage property owners throught the US.We will provide financing on all types of self storage facilities. Peoples Choice has an in-depth knowledge of the self-storage industry. Utilizing commercial lending models that have developed, a variety of loan programs that feature higher loan amounts with lower rates, in comparison to most traditional commercial lbanks in the United States.
Peoples Choice will work with you to provide the right loan structure for your self storage facility whether it is a purchase, refinance, or construction. Also, we can provide permanent financing for self storage projects. If you are purchasing a self storage facility that is struggling and needs to be turned around Peoples Choice can offer you a loan based off future projections.
Most self storage loan is typically amortized over 25-30 years with a fixed term of 5 years. This gives you the time to turn your self storage property around and then finance it with a longer term mortgage.
Please review our self storage financing options below:
| Location: |
44 US States and International |
| Type: |
Financing for purchase and refinances of Self storage loan facilities and Mini self storage loan properties. |
| Loan Options: |
Fixed and adjustable loans available. |
| Amortization: |
25- 30 Years |
| Term: |
10, 15 Years |
| Loan-to-Value: |
Self storage financing - 75% LTV. |
| Debt Service: |
DSCR on Self Storage properties is 1.25-1.30 |
| Collateral: |
Self storage or Mini Self Storage real estate facility |
Programs, rates, and terms are subject to change. Call or email for a free commercial loan quote.
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