Self Storage Loans
Self Storage Loan Rates - Rates updated September 25th, 2020
|Loan Product||Rates (start as low as)||LTV|
|5 Year Fixed Rates||3.75%||Up to 75%||Get Free Quote|
|7 Year Fixed Rates||3.85%||Up to 75%||Get Free Quote|
|10 Year Fixed Rates||3.95%||Up to 75%||Get Free Quote|
We are pleased to offer self-storage loans for the purchase or refinance of self storage properties nationwide. Select Commercial specializes in self-storage and mini-storage financing. Self storage is an industry where rooms, lockers, containers, and/or units are rented on a short term basis to individuals and businesses, usually on a month-month basis. Most self storage customers use self storage facilities when faced with a death in the family, a divorce, a relocation, or when faced with downsizing. These units provide temporary storage until the renter is able to move the items to a more permanent location. Self storage locations often contain three types of storage: regular inside units, climate controlled units (heated and air-conditioned), and outdoor storage for boats and vehicles. Units are locked, allowing the renter privacy and protection from theft. Units are most often windowless, constructed of corrugated metal, and contain roll-up doors for easy access. Many of these properties are contain security guards and/or security cameras for customer safety. Many self storage owners like these properties because management is relatively easy and expenses can be kept to a bare minimum, as most self storage properties don’t require lots of utilities or management. Self storage properties can be found these days in almost all urban, suburban, and rural locations. Let us help you start, purchase, refinance or grow your self storage business! Our minimum loan size is $1,000,000.
We are a nationwide commercial mortgage broker specializing in all types of commercial mortgage loans, apartment loans, multifamily loans, and credit tenant lease loans.
Our Commercial Real Estate Loan Benefits
Self Storage Loan Rates start as low as 3.75% (as of September 25th, 2020)
• No upfront application or processing fees
• Simplified application process
• Up to 75% LTV (90% with SBA)
• Terms and amortizations up to 30 years
• Loans for purchase and refinance, including cash-out
• 24 hour written pre-approvals with no cost and no obligation
Recent TRUSTPILOT Reviews
Select Commercial Funding Reviews from TRUSTPILOT
A three year journey
"Thanks Stephen for all of your hard work in getting our deal closed! I appreciate your professionalism and patience throughout a complicated process. You always were there for my partner and I whenever we had questions and needed answers quick. It was a pleasure to have worked with you and Select Commercial!"