Contemplating self-storage a fresh venture or savvy investment? You’re in good company. The self-storage industry remains one of the quickest expanding sectors in commercial real estate. Fairmount’s loan experts can help steer you through the intricacies of constructing, purchasing, or enhancing a facility, while securing you the investment capital you need to get started.
Loan options for self storage include SBA loans, bridge loans, and permanent financing starting at $1 million with LTVs up to 75%.
We’ve got you completely covered, from funding to talent and more.
Self-storage property loans are a type of financing specifically designed for the acquisition and recapitalization of self-storage properties. Fairmount Funding offers financing for loans that cater to various types of self-storage properties, such as drive-up, single-story, modern multi-story, climate-controlled, and specialty properties for storing cars, boats, wine, and documents.
General loan terms for self storage property can be stated as follows, but may vary and depend on the individual case:
Loan Size: $100,000 – $2M
Loan Purpose: Purchase, Cash-Out, R/T Refinance
Loan Term: 5-year ARM, 30-year Fixed
Amortization: 15, 25 and 30-year options
Leverage: 70-80% Max LTV
DSCR: 1.00-1.20 minimum DSCR
Credit Score Requirement: 650 minimum
