Written & reviewed by Stephen A. Sobin, President of Select Commercial Funding LLC
Property Type
Self-Storage Loans
Select Commercial arranges self-storage and mini-storage loans for the purchase, refinance and growth of storage facilities nationwide from $1,500,000. We finance stabilized and value-add facilities through SBA (up to 90%), bank, CMBS and bridge programs, including blanket loans across a portfolio. Compare today’s commercial mortgage rates.
Get a Free QuoteSelf-Storage Loan Rates & Terms
Rates updated as of August 23, 2026
| Loan Type | Rate* | Max LTV |
|---|---|---|
| 5 Year Fixed | 6.76% | 75% |
| 7 Year Fixed | 6.89% | 75% |
| 10 Year Fixed | 7.06% | 75% |
- Loan amounts from $1,500,000, no maximum
- Up to 75% LTV, up to 90% with SBA for owner-operators
- Purchase, refinance, cash-out and blanket loans
- Terms and amortizations up to 30 years
- No upfront application or processing fees
- 48-hour written pre-approvals, no cost or obligation
Rates last updated August 23, 2026. Rates and maximum LTV shown represent our best-case pricing scenarios. Actual rates, LTV, and loan terms are subject to underwriting approval and may vary.
Self-Storage by the Numbers: Mid-2026
Self-storage fundamentals kept stabilizing through the first half of 2026. National market data as of June 2026 showed:
- $135 average monthly street rate, down just 1.5% year over year and up 0.7% month over month as pricing bottoms out.
- About 31% of the 150 largest U.S. cities posted higher street rates year over year, a widening base of recovering markets.
- $16.07/SF national advertised rate (annualized, spring 2026), with month-over-month growth turning positive.
- Development pipeline near 2.3% of existing inventory, roughly 46.5 million SF under construction nationally, one of the leanest pipelines of any property type.
- Same-store occupancy near 84.5% as of Q1 2026, up about 70 basis points year over year.
Coastal and dense suburban markets remain undersupplied, while some Sun Belt metros continue to digest new inventory. Location selection matters more than ever.
Compare Your Self-Storage Loan Options
As a broker we compare every lender type and route your deal to the best fit. Typical starting points:
| Program | Typical rate* | Max leverage | Best for |
|---|---|---|---|
| Bank / portfolio | 6.76% | Up to 75% | Stabilized facilities, blanket loans |
| CMBS / conduit | 6.66% | Up to 75% | Larger facilities, non-recourse |
| SBA 504 | 6.03% | Up to 90% | Real estate, low down payment |
| SBA 7(a) | 6.75% | Up to 90% | Owner-operators and first-time buyers |
| Bridge | 9.00% | Up to 80% LTC | Acquisition, expansion, turnaround |
SBA financing is especially popular in self-storage for its low down payment, long amortization and flexible underwriting. Life insurance company financing is available for institutional-quality facilities, and most lenders look for a debt-service-coverage ratio (DSCR) of about 1.25 to 1.35.
Rates last updated August 23, 2026. Rates and maximum LTV shown represent our best-case pricing scenarios. Actual rates, LTV, and loan terms are subject to underwriting approval and may vary.
Self-Storage Properties We Finance
We offer self-storage and mini-storage loans for the purchase, refinance or growth of storage facilities nationwide, from $1,500,000. Self-storage is an industry where units are rented to individuals and businesses, usually month to month, and facilities typically combine several product types:
- Regular inside units, climate-controlled (heated and air-conditioned) units, and outdoor storage for boats and vehicles, most often secured with roll-up doors, cameras and controlled access.
- Owner-friendly operations. Many owners favor self-storage because management is relatively easy and expenses can be kept low, since most facilities require little in the way of utilities or staffing.
- All markets. Storage facilities perform in urban, suburban and rural locations, driven by relocations, downsizing, life changes and small-business use.
- All transaction types, including purchase, refinance, cash-out and blanket loans across a portfolio of facilities. Let us help you start, purchase, refinance or grow your self-storage business.
Financing Options for Self-Storage
As a broker, we match your storage deal to the right capital source:
- SBA 504 and 7(a) for owner-operators and first-time buyers, with low down payments, long amortization and flexible, forward-looking underwriting.
- Bank and portfolio loans for stabilized facilities, including blanket loans across multiple properties.
- CMBS / conduit for non-recourse financing on larger, well-occupied facilities.
- Bridge loans for acquisitions, expansions and operational turnarounds that need renovation before permanent financing.
Self-Storage: 2026 Outlook
After a volatile few years, self-storage entered 2026 in a period of stabilization, with improving fundamentals and strong lender liquidity. Demand from relocations, downsizing and small-business use remains durable, and a lean construction pipeline is setting the stage for recovery.
Occupancy is improving. Same-store period-end occupancy was about 84.5% in Q1 2026, up roughly 70 basis points year over year, with narrowing occupancy gaps and stabilizing move-in rates through the leasing season.
Street rates are bottoming. The national average street rate was $135 in June 2026, down just 1.5% year over year and up 0.7% month over month, and about 31% of the 150 largest cities posted year-over-year gains. Midwest and Northeast metros generally outperform Sun Belt markets that absorbed more new supply.
New supply is lean. The national development pipeline sits near 2.3% of existing inventory (spring 2026), with roughly 46.5 million SF under construction, and 16 of the top 30 metros run below-average pipelines. Declining new construction is the main driver of the sector’s improving revenue outlook.
Lenders still like the asset. Many lenders continue to favor self-storage for its recession resistance and high operating margins, and SBA financing remains especially attractive for both first-time and experienced buyers.
What it means for financing. With less new supply and improving occupancy, well-located facilities are increasingly financeable. Value-add and lease-up facilities are best matched to a bridge or SBA loan, while stabilized properties fit bank, CMBS or life-company execution. See local patterns in where self-storage stands out.
Where Self-Storage Stands Out in 2026
Storage performance is highly local in 2026. A few patterns worth knowing as of mid-2026 data:
- Recovering rate markets: Midwest and Northeast metros generally lead year-over-year street-rate growth as limited supply meets steady demand, with standouts including Santa Clarita, CA at +11.3% year over year (June 2026).
- Supply-heavy markets: Houston (about 3% of inventory under construction) and Las Vegas (about 5%) lead the construction pipeline, so underwriting there leans on submarket demand studies.
- Undersupplied coastal metros: dense coastal markets continue to support occupancy and rate power for existing facilities.
We arrange self-storage financing in all 50 states, including Texas, Florida, California, Arizona, North Carolina and Georgia, and in metros of every size, from Dallas, Phoenix and Atlanta to smaller markets. Compare today’s commercial mortgage rates.
Why Finance Self-Storage With Select Commercial
With more than 30 years of experience and relationships across banks, credit unions, HUD, CMBS, SBA, life company and private lenders, we present self-storage loan requests that get a lender’s prompt attention, and we identify the right source for each borrower and facility. There are no upfront application or processing fees, and we issue written pre-approvals within 48 hours at no cost or obligation.
What Our Clients Say
“Select Commercial was very helpful with my multifamily mortgage. Stephen went over several options and we came up with the best lender to meet my needs. I got the funds and also lowered my payments.”
Gary M. · Portland, OR“As a real estate attorney, I trust that Select Commercial will deliver apartment building loans and commercial mortgages in a timely manner. The rates and terms offered are excellent. I heartily recommend them.”
David S. · New York City“I needed an SBA loan and found Select Commercial. It was obvious Stephen knew everything about commercial loans. If you are starting a small business, definitely give them a call.”
Larry S. · Washington, DC“Select Commercial offered 100% financing for my medical practice when my bank would have required 20% down. They delivered something my bank could not, and handled everything professionally.”
John C. · Boston, MAGet Your Self-Storage Loan Quote
No cost, no obligation. Written answers within 48 hours on self-storage loans from $1,500,000.
- No application or processing fees
- Written answers within 48 hours
- For 5+ unit and commercial properties, $1.5M and up