Self-Storage Loans
Self-storage loans are used to finance the acquisition, development, expansion, or refinancing of self-storage facilities.
What is a Self-Storage Loan?
Self-storage loans are used to finance the purchase, renovation, or new build of self-storage units over a 20-30 year period. ​Getting a self-storage loan usually involves an evaluation of credit and business finances and a review of the value of the storage units and the condition that they are in.
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With more people choosing to downsize and with the ability to work from home, the self-storage market is on the rise making storage units a good investment option to generate additional income.
Common Uses of Self-Storage Loans
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New Facility Construction: Financing the development of a new self-storage facility. ​
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Facility Expansion: Upgrading the facility to add new units to increase capacity and revenue.
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Property Expansion: Purchasing an existing self-storage property. ​
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Debt Refinancing: Refinancing an existing loan to secure a better rate. ​
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Operational Improvements: Investing in security, technology, or other improvements that enhance the facility's efficiency and attractiveness.
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Key Features of Self-Storage Loans
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Various financing options are available
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Working capital can be included in the loan amount​
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Competitive interest rates
