Self Storage Financing

Unlocking Value in Your Storage Business with Self Storage Financing

Leverage your asset for expansion, refinancing, or acquisition
640

Minimum Credit Score

Varies

Maximum Debt To Income

75.00%

Maximum Loan To Value

$15M

Maximum Loan Amount

Self storage investment is indeed an attractive asset class for those looking for a real estate option with lower maintenance requirements and significant cash flow potential. Recognizing the appeal and the distinct advantages that self storage facilities offer, Innovative Mortgage is committed to providing a diverse array of financing solutions to support investors in this field.

Innovative Mortgage’s Self Storage Financing Solutions:

Varied Financing Options:

  • Conventional Financing: Catering to investors seeking the most cost-effective lending rates, our conventional loans offer attractive terms for well-qualified borrowers.
  • Easy Doc Financing: For situations where credit issues or time constraints prevent securing a conventional loan, our easy documentation loans provide a flexible and expedited alternative.
  • Bridge Financing: Ideal for those looking to seize an excellent investment opportunity that requires swift action or for properties that aren’t yet stabilized, our bridge loans offer the necessary funds to facilitate the acquisition and transition period.
  • Hard Money Loans: As part of our bridge financing options, hard money loans are available to assist in situations that demand quick closings or when traditional financing isn’t an option due to various investment hurdles.

Benefits for Self Storage Investors:

  • Operational Simplicity: The low staffing requirements for managing a self storage facility make it an operationally efficient investment compared to multifamily properties.
  • Income Enhancement Potential: Self storage facilities often allow for straightforward strategies to increase income, making them highly attractive to cash flow-focused investors.
  • Support Across All Phases: Whether you’re in the market for refinancing, acquisition, or you’re navigating a note that’s coming due, Innovative Mortgage has tailored solutions to meet your specific needs.

A Strategic Partner in Your Investment Journey:

Innovative Mortgage is here to not only provide financing but also to partner with you in strategizing for the long-term success of your self storage investment. From stabilizing an acquired property to planning for a future refinance, our team of experts is equipped to guide you through each step.

Start Your Self Storage Financing Journey:

If you’re an investor with an eye on self storage properties, or if you’re looking to expand your current portfolio, Innovative Mortgage is ready to assist. Our comprehensive financing options are designed to support your investment objectives and help you maximize the potential of your self storage business.

Reach out to Innovative Mortgage for personalized guidance and support in securing the right financing for your self storage investment. Let’s unlock the potential of your property together.

Advantages of Self Storage Financing

1

Specialty Financing

Our lenders understand the unique aspects of self storage businesses and offer tailored solutions.
2

Competitive Rates

Benefit from some of the best rates available for self storage financing.
3

Flexibility

Use funds for new acquisitions, expansion, or refinancing of existing debt.

Potential Challenges with Self Storage Financing

1

Specific Requirements

Lenders may have specific requirements around location, occupancy rates, and operator experience.
2

Longer Underwriting Process

Given the specificity of the business, the underwriting process may be longer than for other types of loans.

Key Issues That Will Get Early Attention

1
Meeting Lender Requirements
We will guide you in preparing your application to meet the specific requirements of self storage lenders.
2
Navigating the Underwriting Process
Our team will work diligently to expedite the underwriting process and keep you informed every step of the way.
3
Strategic Planning
We will help you evaluate your options and strategically plan the use of your loan proceeds.
4
Growing Your Business
Our goal is not just to secure financing for you but to become a long-term partner in the growth of your self storage business.