Self Storage LoanCommercial Lender Self Storage Loan Refinance & Acquisition Mini-Storage Loan______________________________________ |
| Geographic Preference: | Nationwide and US territories |
| Commercial Property Types: | Self Storage Loan Mini-storage loan |
| Commercial Mortgage Amount: | $3 million minimum - $50 million maximum |
| Commercial Mortgage Term: | 5-15 years |
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| Self Storage Loan Rates: | Fixed, as low as 10 year treasury plus 120 |
| Self Storage Features: | Assumption with approval
Non-recourse
No rent restrictions
No limitation on owner's return |
| Self Storage Loan Requirements: | Appraisal to support the project occupancy and rents; Tax, Insurance, and Replacement Reserve Escrows |
| Self Storage Third Party Fees: | Borrower pays all application, inspection, underwriting, and third party costs |
CRCapital uses four categories in self storage to assign finite rates terms and conditions. The first category provides the highest leverage and lowest debt service ratios for "Class A" a self storage loan. The second mini storage loan category (medium) provides slightly higher leverage than the third mini storage loan category (standard). The fourth category mini storage loan (Lowest Rates) has the lowest leverage and has the highest debt service ratios. Each self storage loan category has its own link, just click to go to the category page.
