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Conduit Self Storage Loans

CMBS Loans For Self Storage Facilities

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Conduit CMBS  Loans
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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
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A Better Way To Get A Conduit CMBS Self Storage Building Loan

Crefcoa provides conduit CMBS self storage loans through our proprietary online commercial real estate lending platform (CRELP). Through CRELP we are changing the way owners and investors obtain CMBS loans for self storage facilities. Unlock the full potential of your commercial real estate investment with a self storage facility CMBS loan that meets your individual needs and investment objectives with the most competitive rate and terms.

 

Crefcoa provides conduit CMBS loans for stabilized self storage and mini-storage facilities located in medium to large markets nationwide. Self storage facilities located in small and tertiary markets considered on a deal-by-deal basis for lower leveraged transactions with strong sponsorship.

 

Request a CMBS quote for your self storage facility, or visit the capital markets loan center or commercial real estate loan center to learn more about all of our commercial loans for self storage properties.

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CMBS Conduit Self Storage Property Loan Program Guidelines

The CMBS Loan Advantage
  • 30-year amortization
  • Up to 10-yr fixed rates
  • Up to 75% leverage
  • No restrictions on cash out refinances
  • Non-recourse
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.

Borrowing Entity Requirements Bankruptcy-Remote SPE (special purpose entity). Entities may be corporations, limited liability companies or limited partnerships.
Loan Size $3 million
CMBS Self Storage Loan Interest Rates Interest rates for CMBS retail property loans are based on an index (5 or 10-year Swap) plus a spread. Where the interest rate falls in the spread range depends on:
  • Loan size
  • Property (e.g. quality, location, tenant strength, lease terms)
  • LTV, DSCR and debt yield

 

View indicative interest rates for CMBS loans and conduit loan interest rates

 

Locations Self storage and min-storage properties located in mid to large market sectors and small market sectors with strong sponsorship.
Loan-to-Value Up to 75%
Minimum DSCR 1.30-1.40 minimum
Fixed Terms 5 and 10-year fixed rate terms
Amortization 25-30-year amortizations
Minimum Debt Yield 8%-10%
Prepayment Defeasance or yield maintenance
Personal Guarantee Non-recourse subject to standard carveouts
Rate Lock At commitment
Minimum Occupancy 85% stabilized properties
Impounds Taxes, insurance, and replacements reserves
Preliminary Submission Package for a Conduit Self Storage Loan   Include the following in your request for a conduit CMBS self storage facility loan quote:
  • Property description
  • Representative color photographs or property website
  • Current rent roll
  • YTD and two prior years income and expense statements
  • 12 month trailing income and expense statement
  • 12 month operating budget
  • Capital improvements summary
  • Sponsor resume outlining experience owning and operating commercial real estate
  • Management company bio
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Conduit CMBS loans for self storage facilities may not be available in all locations. Eligible property types, loan programs and program guidelines (including, without limit, minimum loan size, LTV, rates and terms) are subject to change without notice and may vary depending on property location, economic conditions, exposure, and other variables that may negatively influence risk. Information provided is not an offer to make a loan and should be used for informational purposes only.
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