Self Storage Financing - 95% Financing Possible

by John King on May 28, 2014

95% Financing Possible for Self Storage Facilities

It is now possible to get 95% financing for a mini-storage facility IF:

  • You currently own another profitable facility
  • You have very good credit
  • You are purchasing a facility with solid existing cash flow (see note below re: self storage construction financing)
  • You are purchasing a facility in very good condition
  • You have solid global cash flow/personal financials  (including any other businesses and personal debt)

(In other words, if you are an excellent credit risk).

This new program can be used for a purchase or a refinance of an existing facility and is currently available on a limited basis for the aforementioned type of borrower.

95% construction financing may be possible if you currently own existing facilities with solid cash flow - i.e. if you can cash flow the new construction debt with in place cash flow from your existing businesses.  (Projections may be enough for stronger borrowers/stronger transactions).

The terms for this program will vary slightly, but the loan is a fully amortizing  25 year loan with a 3 year prepayment penalty.

Please get in touch if you would like more information:

1-800-414-5285 or jking (at) green commercial capital (dot) com

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Self Storage, Mini Storage and Mini Warehouse Businesses NOW SBA Eligible
June 24, 2014 at 1:45 pm

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