Self
Storage -
Mini Storage
Size:
$1 million minimum - $20 million maximum
Fixed Interest Term:
5-10 years
Amortization - 30 years
Commercial Mortgage Rates:
Ten year treasury plus 130 loans
above $3 million. SBA rates for loans below $3 million.
Commercial Lender Features:
Assumption with approval,
Non-recourse
Commercial Mortgage
Requirements:
Appraisal and Market Survey to support the project occupancy
Real
Estate
Loan Fees:
Borrower pays all application, inspection, underwriting, and third party costs
.
Self Storage Financing
Matrix Mortgage International uses four mortgage programs, some as a direct lender and some as a correspondent.
(1) The first program has a maximum of
90% LTV for a wide variety of property types.
The loan size range for this portfolio lender is $200,000 - $10 million. This
SBA program lends nationwide and has a minimum FICO score of 625.
The interest rates in this program are higher than in the other programs.
The property types included in this program include hotel and motel
properties.
High Leverage Loans and SBA
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