COMMERCIAL – SELF-STORAGE

Commercial Loans for Self-Storage Properties

Stronghill provides small-balance commercial mortgage loans to investors seeking to grow or reposition their self-storage property investment portfolio.

Our small balance commercial real estate loan programs include flexible options for self-storage collateral. Loans secured by self-storage properties for the purposes of acquisition, rate and term refinancing, or cash-out are all part of the Stronghill offering. Obtain a small balance commercial real estate loan for a self-storage property through our reliable and streamlined loan process.

Case Study

This $1,600,000, 65% LTV, cash-out refinance of a self-storage property in Benbrook, TX allowed the borrower to recapitalize after extensively renovating the subject property. Post-renovation the collateral had recently reached stabilization and primarily consisted of 90 self-storage units with a small multifamily property located on an adjacent parcel.

Deal Highlights

LOAN TYPE

PROPERTY TYPE

LOAN AMOUNT

LTV

DSCR

TERM

BROKER PAYOUT

Cash-Out Refinance

Self-Storage

$1,600,000

65%

1.20x

10-year Fixed, Amortized over 25-years

$32,000

We make it easy for investors and small business owners to leverage properties and advance their business plans.

Program

Features

LOAN AMOUNT

TERMS

RATES

YSP

LOCATION

PROPERTY TYPES

LTV MAX.

DSCR MIN.

AMORTIZATION

PREPAYMENT

RECOURSE

CREDIT SCORE

DEPOSIT & FEES

Self-Storage

$300,000 – $5,000,000

5, 7, 10 Years

Competitive Market Rates

Available

Nationwide, except SD

Self-Storage

Up to 70%

1.20x

25 or 30 years; Interest Only options available

Required, but negotiable

Full and Partial

Minimum 660

Required, but varies per transaction

Mixed Use

Program

Features

LOAN AMOUNT

TERMS

RATES

YSP

LOCATION

PROPERTY TYPES

LTV MAX.

AMORTIZATION

PREPAYMENT

RECOURSE

CREDIT SCORE

DEPOSIT & FEES

DSCR MIN.

$150,000 – $4,000,000

30 Years

Competitive Market Rates

Available

Nationwide, except SD & ND

Mixed-Use >50% Residential (2-8 Units)

Up to 75% with as little as 25% down upfront

1.00x

30 years; Interest Only options available

Required but negotiable

Full

Minimum 620

Required, but varies per transaction

Stronghill Approach

We close loans quickly, allowing brokers and borrowers to meet their objectives efficiently. Our lending programs for self-storage properties are highly competitive in today’s ever-changing marketplace.

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No Vacancy/Credit Loss

PITI Expense Only

No Income Verification

No Borrower Experience Required

No operating expenses

even on the commercial units!

As with other property types, Stronghill’s lending guidelines are flexible and here to meet the needs of your borrowers. Most importantly, we truly partner with our mortgage broker clients to guarantee smooth closings.

Why Stronghill?

Since we possess everything, you need in a strong lending partner, Stronghill is positioned to help you grow your business. Let’s connect and discuss how to get started.