Self Storage Financing
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  Self Storage Financing. With interest rates at record-low levels and a sagging economy, would this not be a great time for self-storage finance? One would certainly think the banks would jump at the chance to finance self-storage properties, given the low interest rates. Self Storage Financing.    

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Self Storage UnitsSelf Storage Units - Self Storage the simplest, most economical solution for all your storage needs!From a hall closet to an extra large garage... if you've got the stuff, self storage units have the space.


Self Storage Financing. With interest rates at record-low levels and a sagging economy, would this not be a great time for self-storage finance? One would certainly think the banks would jump at the chance to finance self-storage properties, given the low interest rates. Self Storage Financing.

This page is a near duplicate of the more popular title Self Storage Finance because the page titles should be about the same topic.

Self Storage Finance
Finance

Self Storage Financing

Lower rates make it easier to qualify for a loan, correct? Lower rates mean the money costs the banks less, so they have more profit.

Example
A commercial loan needs to be negotiated to finance approximately 70% of the total project costs. A 15-year mortgage will be applied for with an 8.5% interest rate. First drawdown upon agreement of the seller and buyer concerning the terms of sale of the building. Last drawdown around the end of the year when all conversion to self-storage units should be completed. First repayment of principle is planned in April of 1999 with monthly installments of interest and principle to continue until the loan is fully repaid in 2013

Self Storage Financing Tips
Traditional, fixed-rate, commercial bank loans have been the mainstay for self-storage acquisition and refinancing. Additionally, in some situations, owners elect to seek nonrecourse financing offered through mortgage brokers and insurance companies. These are typically called conduit loans. Other alternative financing solutions are available that offer flexibility as well as the opportunity to take advantage of variable interest rates, with or without a maximum ceiling rate.

Fundamental Self Storage Financing Tips for making Commercial Investments

  • Great location An area with appreciating values, near other properties with higher rental rates, near transportation, and on the line of current development.
  • Diverse tenant profile An average office size of 1,000 square feet, so that losing one tenant won't be catastrophic. Self Storage Financing.
  • Upside Undermarket rents with leases that will turn over within the next two years, so you can increase rents, and options for renovations that can increase rents and value.
  • Efficient design Good location of core elements (elevators and bathrooms), so rental space isn't lost, and no more than 15 percent common area.
  • Positive leverage An interest rate that's less than your cap rate, and the biggest mortgage for the longest period of time. Self Storage Financing.

Self Storage Finance
Self Storage Financing


Quick Links...Self Storage

Commercial Self Storage Units For SaleCommercial Self Storage Units For Sale - Here you will find subject matter regarding Commercial Self Storage Units For Sale. Details on what you can store in your new units and some researched links on the subject.

External Links...

Winter & Company - Winter & Company specializes in the placement of commercial mortgages over $2 million for Multi-Family Apartment Buildings, Cooperatives, Shopping Centers, Mixed-use, Office, Retail, Industrial, Specialty and Net-leased properties. Self Storage Financing. We arrange Equity Participations, Joint Ventures, Acquisition Loans, Bridge Loans, Construction Loans and Permanent financing for both income-producing and owner-occupied properties nationwide. www.winterandcompany.com

BizPlan - For over six years, the BizPlanIt team has been passionately committed to helping clients move their businesses substantially forward, by providing business planning and capital advisory services that prepare and position them to raise capital, and help them facilitate mergers, acquisitions, spin-offs, and divestitures. We believe the business plans, financial projections, investors presentations, and most importantly the business advice and coaching we provide can have a dramatic effect on the success of our client?s financial transactions. Self Storage Financing. www.bizplanit.com

Bplans - Bplans.com contains the largest single collection of free sample business plans online. In addition to that, it has helpful tools and know-how for managing your business. Bplans.com includes practical advice on planning, interactive tools, and a panel of experts who have answered more than 1,400 questions from people like you. Bplans.com has also won several awards as a valuable "plain talk" resource. www.bplans.com

Self Storage Finance (Click to enlarge)
Self Storage Financing (Click to enlarge)