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Last updated on Nov 28, 2022
3 min read

CMBS Loans for Self-Storage Facilities

CMBS loans for self-storage facilities start at just $2 million and offer LTVs up to 80%. These loans are non-recourse and can be used for both acquisitions and refinances.

Apply for a loan in minutes and get multiple quotes today → Get Quotes

In this article:
  1. CMBS Loan Terms for Self-Storage Facilities
  2. Get a Free Self-Storage Property Loan Quote Today
  3. Get Financing

When it comes to arranging CMBS financing, CMBS.Loans can provide self-storage facilities with a variety of options to suit their individual needs. In 2017, the public storage and warehousing industry generated an all-time high of $25 billion in revenue, making it an incredibly lucrative industry. So, if you’re looking to expand your self-storage business, now could be a great time to do it.

In particular, self-storage firms can use CMBS loans to:

  • Acquire a new property: If your self-storage company is doing well, but demand has increased beyond your current facilities, a CMBS loan could a smart way to purchase a new property. And, since CMBS loans have relatively liberal leverage and collateral requirements, you won’t have to wait years to get the financing you need.

  • Get a cash-out refinance: Unlike many other types of commercial real estate financing, CMBS loans typically don’t have hard and fast rules involving cash-out refinancing. This means that if you have enough equity in your self-storage property, you might be able to leave the table with a significant amount of cash. That cash can be used for upgrading your current property, or could even be used as part of the down payment on a new self-storage facility.

  • Expand into a different sector: Self-storage companies are primarily in the real-estate business— and, if you want to diversify your portfolio, a CMBS loan could help you do so. Now, you may not want to go out and buy a hotel (though it’s okay if you do), but it could make sense to diversify by purchasing a mini-storage facility, local warehouse space, or even a local office park.

CMBS Loan Terms for Self-Storage Facilities

Standard CMBS loan terms for self-storage properties typically include:

  • Loan Size: $2 million minimum, no maximum

  • Loan Terms: 5-10 year fixed-rate terms with amortizations of 25-30 years

  • Eligible Properties:

    • Properties must usually be stabilized and located in high-density, high traffic areas

    • Self-storage facilities should have high-quality construction (concrete block or brick preferred)

    • Metal buildings may be eligible, but might have certain restrictions

  • Leverage: 80% maximum LTV/1.25-1.35x DSCR

  • Pricing: Typically based on LTV and DSCR

  • Assumability: CMBS self-storage loans are typically fully assumable, though a fee may apply

  • Prepayment Penalties: Defeasance or yield maintenance

  • Recourse: Typically non-recourse with standard bad-boy carveouts

Get a Free Self-Storage Property Loan Quote Today

If you’re looking for an self-storage or commercial property loan from $2,000,000 and up, simply click the button below for a fast, easy, and free quote from an experienced CMBS loan expert. You can also email us any time at loans@cmbs.loans.

In this article:
  1. CMBS Loan Terms for Self-Storage Facilities
  2. Get a Free Self-Storage Property Loan Quote Today
  3. Get Financing

Getting commercial property financing should be easy.⁠ Now it is.

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CMBS Loans is a Janover company. Please visit some of our family of sites at: Multifamily Loans, Multifamily Today, Commercial Real Estate Loans, SBA7a Loans, CMBS Loans, Apartment Loans, HUD Loans, HUD 221d4 Loan, HUD 232 Loan, HUD 223f Loan, HUD 223a7 Loan, SBA Express Loans, SBA 504 Loans, and OpportunityZones Help.

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