Self Storage Loans. There is a direct correlation between the reliability of the loan quote from your lender and the quality of the information you provided in your loan package. If you want a quote you can ?take to the bank,? take the time and effort to give your source sufficient, accurate and timely information to make an informed judgment. Self Storage Loans.

Storage Loans

Self Storage Loans

The last few years have witnessed many changes in the arena of finance, and self-storage financing has been no exception. In September 1998, the finance world was rocked by the collapse of the CMBS (commercial mortgage backed securities) market. Interest rates were at an all-time low.

The year 2000 brought more changes to the self-storage lending arena. The two primary providers of self-storage loans, Finova Realty Capital and First Security Commercial Mortgage, pulled out of the market.

Self Storage Feasibility Studies and Analysis must prove viability to lenders. Lenders are extremely cautious about construction loan packages. A developer must prove self storage financial feasibility in a business plan showing how positive cash flow is achieved monthly until permanent financing comes on line. Lenders want to know that a project will pay for itself during the critical period through construction to fill-up.

Remember!
A well-constructed loan package contains information that falls into five categories:

1. Summation and request
2. Property's physical aspects
3. Property's economic aspects
4. Market analysis
5. Borrower/manager

A simple way to be sure you have provided enough information is to ask yourself whether you would feel comfortable deciding to buy the property if you were given the same details. Pictures are an extremely potent way to get your lender's attention and put your loan package in play quickly. Take several photos of the property as well as the surrounding area. An aerial photograph is an added bonus if available.

Self Storage Loans

Self Storage Loans

The good news is that capital is available. If financial markets remain stable, and interest rates do not go dramatically up or down, then capital should continue to be available. A good loan broker can help you negotiate through the labyrinth of terms and options. Try to find a broker who can offer bank loans as well as conduit loans. Experience counts for a lot in this game, and you are often at an advantage to do business with an individual or firm that specializes in self-storage lending.

Quick Links...Mini Storage

Self Storage Locations - Demand for self-storage is not always predictable. However consider all the possible potential customers and their options through time in there life, and you will understand that the self storage industry is a needed more than people may think. Self Storage Locations.

Internal Links...

Affinity Bank! - Self Storage Loans. Affinity Bank began its new life by offering high-yield deposit products to customers of its two branch offices and by advertising to members of several travel and leisure clubs located throughout the United States. Today, the company offers a complete array of consumer deposit products including checking, savings, money market accounts, certificates of deposit and IRAs through a growing network of local branches and a national call center. www.affinitybank.com

The Bond Market Association - Self Storage Loans. The Bond Market Association® is the trade association representing the largest securities markets in the world, the estimated $44 trillion debt markets. As the industry's voice, the Association speaks for the global bond industry, advocating its positions and representing its interests in New York; Washington, D.C.; London; Frankfurt; Brussels and Tokyo; and with issuer and investor groups worldwide. www.bondmarkets.com

General Electric - Self Storage Loans. General Electric Capital Corporation is a global, diversified financial services company engaged in commercial finance, consumer finance, equipment management and insurance. With assets of approximately $500 billion, GE Capital serves consumer and businesses in 47 countries around the world. www.gecapital.com

Self Storage Loans