Self Storage Nationwide Lending Guidelines
Loan Types & Amounts
Permanent Financing for Acquisition, Refinance or Repositioning.
Loan Size
$500,000 & up
Eligible Property Locations
Nationwide. Market areas with a stable current occupancy of competitive
product. Rent concessions will be underwritten cautiously and typically
require higher coverage and reserves.
Occupancy
85% minimum occupancy
Debt Service Coverage
1.25 x minimum
Loan-to-Value Ratio
Maximum 80% LT V
Loan Term
5, 7, 10 and 15 years
Amortization
25 years or less depending on age, quality of construction and market
location.
Pricing
Pricing is based upon the quality of the real estate (A, B or C) project
economics and borrower suitability. Typically, spreads range from 150 -
250++ basis points over the corresponding U.S. Treasury.
