Self Storage

Self Storage Property Loans and self storage property financing are now easier than ever to secure. Many lenders within our network have special self storage property loan programs in place for this very purpose.

Self Storage properties consist of mini-warehouses that are subdivided into a mixture of cubicles of generally small size. These spaces are designed primarily to be rented for small self-storage or noncommercial storage and may include some office and/or living space and may be climate controlled.

K2 Commercial Finance will work with you to create the strongest possible loan package for the purchase or refinance of a self storage property. As part of our underwriting process, we consider Market and Location considerations as well as the Property Conditions and Characteristics of the self storage property.

Market and Location Underwriting Considerations include:

  • “Safe” neighborhood near residential areas with high density

  • Adequate community services such as fire and police

  • Scrutinize properties located in ecconomically depressed, seasonal or resort-oriented areas.

Property Conditions and Characteristics Underwriting Considerations include:

  • The property should be designed and configured for ease of entry and egress by tenants, including access by 18-wheel tractor trailers.

  • Buildings of low quality construction or poor insulating capacity are discouraged.

  • Property should have adequate traffic exposure

When you have a requirement for self storage property loans and self storage property financing, make sure to work with a mortgage specialist that understands this particular market niche. The difference between a good loan and the BEST possible loan could mean tens of thousands of income to you over the years! 

The Borrowing Process.

1. Contact

Call to discuss your financing needs, have questions answered and determine if K2 Commercial Finance is a good fit for your transaction. You’ll be best prepared to move forward quickly if you’ve already read our free report.

2. Submission

Send in the requested application paperwork. I won’t spin your wheels asking for more than is needed to get started.

3. Selection

One or more of our targeted lenders will hopefully provide you with a Letter of Interest. That’s when we’ll know specific terms you can expect.

4. Underwriting

Your lender will require additional paperwork and an appraisal to get your loan fully approved.

5. Closing

The day you receive loan proceeds and realize it was all worthwhile. We work for quick closings too, it’s the only time we’re paid.

Contact me today to discuss your loan options, for free.

Call me: (215) 230-1885

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