Self-Storage Property Loans
Explore diverse self-storage loan options tailored to your needs:
SELF-Storage Loan Options:
- SBA Loans
- Bridge Loans
- Permanent Financing: Bank, CMBS, Life Company
- Starting at $1 million with LTVs up to 75%.
Self Storage Permanent Financing:
Hill Creek Commercial Capital offers seamless solutions for recapitalizing
and acquiring self-storage properties nationwide. Leverage our relationships
with regional banks and institutional lenders for financing packages designed
to meet immediate and long-term investment requirements. Options include Bank Loans,
CMBS, Life Company, and Small Balance Loans, starting at just $1,000,000, with
leverage up to 75% and amortizations as long as 30 years.
Repositioning a Self-Storage Property:
Benefit from bridge financing for repositioning existing self-storage properties
or converting vacant retail or office spaces into self-storage facilities. Experienced
investors and developers have access to ample capital for maximizing returns on
self-storage investments. Bridge loans start at \$1,000,000, with non-recourse
options beginning at $5,000,000.
2024 Commercial Mortgage Terms for Permanent Financing:
- Minimum Loan: $1 million
- Term: Up to 10 years
- Leverage: Up to 75% LTV
- Amortization: 20 to 30 years
- Recourse: Non-recourse options available
- Prepayment: Defeasance, step-down, or yield maintenance
- Uses: Typically, acquiring or refinancing commercial real estate
- Lenders: Life companies, National and regional banks, Institutional lenders, Pensions funds, Private debt funds
Advantages:
- Lowest rates
- Longest terms
- Best leverage
- Longest amortizations
- Fixed rates
Disadvantages:
- Call protection (expensive prepayment penalties)
- Limited ability to recapitalize (with sale or refinance)