Crefcoa Connect with Crefcoa Twitter Facebook

Conduit Self Storage Loans

CMBS loans for self storage buildings

Nav
How Can We Help
How can we help?
Call, email or request an online quote. It's your choice. We're here to help.
Call Today Give us a call 1-844-359-6413
Contact Us Contact us online or by email
Request a Quote Request an online quote
Brd
Capital Markets Loans
Brd
Why Choose Crefcoa
Why Choose
Crefcoa's Capital Markets Conduit Lending Group has the experience and capital markets relationships necessary to properly structure your commercial real estate loan to ensure successful execution at the lowest fixed rates and costs in the market.
  • Competitive rates and terms
  • Knowledge and expertise
  • Certainty of execution
  • Convenient electronic loan process
Brd
Nav
Brdr

CMBS Conduit Self Storage Building Loans Overview

Crefcoa provides permanent fixed rate commercial financing for the acquisition or refinancing of stabilized self storage and mini-storage properties.

 

Crefcoa offers attractive fixed rate pricing starting at industry low spreads above the comparable "on the run" Treasury rates for self storage loan sizes above $2 million through its Conduit Self Storage Loan program. Conduit loans for self storage properties offer low interest rates, high leverage up to 80%, and requires no personal guarantees.

 

For self storage and mini-storage properties with loan sizes under $2 million, Crefcoa offers self storage loans through its small balance commercial mortgage program.

Brd
Brdr

CMBS Conduit Self Storage Property Loan Program Guidelines

Eligible Properties Self storage and mini-storage properties that are stabilized and are located in high traffic metropolitan areas. Construction should be concrete block, brick, or wood framed. Preference is shown towards single story facilities unless a drive-up access is provided.

 

Metal building self storage facilities accepted on a case-by-case basis with limits on both term and amortization.

 

Mezzanine and Bridge self storage loans are available on a case-by-case basis for properties in the "lease-up" phase or that require substantial rehabilitation. Contact Crefcoa's Capital Markets Group for additional information.

Loan Size $2 million.
Pricing
  • Tiered pricing based on LTV and DSCR.
  • Industry low spreads above comparable "on the run" Treasury rates.
Locations Self storage and min-storage properties located in mid to large market sectors and small market sectors with strong sponsorship.
Loan Terms
  • 5, 7, and 10 year fixed rate terms (balloon at end of fixed term).
  • 25 and 30 year amortizations.
Prepayment Defeasance or yield maintenance.
Personal Guarantee Non-recourse subject to standard carveouts.
Minimum DSCR 1.25-1.35.
Loan-to-Value Maximum of 80%.
Rate Lock At commitment. Early rate lock may be available for qualified sponsors.
Minimum Occupancy 90% stabilized properties, 12 month trailing cash flow must support minimum DSC requirements.
Impounds Taxes, insurance, and replacements.
Preliminary Submission Package for a Conduit Apartment Loan Include the following in your request for a conduit apartment loan quote:
  • Property description and location map.
  • Representative color photographs.
  • Current rent roll and year-to-date operating statement.
  • Operating history - prior 2 years, if available.
  • Current year operating budget.
  • Existing debt and cost basis.
  • Sponsor resume.
  Quick Quote Apply Now
Brd
Brdr
Conduit Self Storage Commercial Loans - Commercial Real Estate Loan Program Home Page
Conduit self storage property loans are provided on commercial real estate property types located in the Continental United States. Minimum self storage commercial loan size is $2,000,000.
Brd
Brd