Self Storage / Mini Storage Facility Financing
Loan Program Features 500K and up with no Maximum
Loan Term Fixed Rates for 5,7,10 years
Ammortization 15 - 30 years
Loan-to-Value up to 80% (90% w/ MEZZ CAP)
Debt Service Ratio 1.25 or more
Closing Time 30 - 60 Days
Rate Lock Period 60 Days
Reserves .10 psf
Vacancy 10%
Management 6%
Prepayment Options several
Recourse NO -All loans are non-recourse with the exception of standard carve-outs
Application Fee None
Initial 3rd Party Fees $5,000 to $25,000
Call 954-545-0896 Today for a list of documents required for Self Storage Loan Submission
|