Self storage financing options can often appear to be limited. Not all lenders will loan on self storage property types, and it wasn’t that long ago that the SBA was in the same boat. SBA viewed self storage as a source of passive income, but finally decided they can be scalable businesses and are now eligible properties. Lenders will do self storage loans for new construction, acquisition, expansion, and renovation. The different types of financing include conventional loans, SBA loans, alternative loans, CMBS loans, bridge loans, lines of credit, and hard money loans. 

How To Get a Self Storage Loan?

Every self storage project has a unique set of needs so it makes sense to work with a commercial loan broker to help strategize and structure the type of financing that fits your project. Simple Commercial Capital has dozens of partners that specializes in self storage financing. Give us a call at 1-866-554-1120 to discuss your options in more detail. Our goal is to make this process as simple as possible for you.