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Self Storage
Benchmark Commercial Lending can help you purchase or refinance your next Self Storage project. We have experience underwriting both new construction and stabilized projects. Our experienced bankers will help put together the best combination of flexibility and terms to help make your investment a success.
Features
- Max Amortization 25 to 30 years
- Borrower's income may not be needed for Loan Qualification
- Fixed rates including 3,5,7,10 and 15 years
- Interest Only available up to 3 years.
- Assumable loan features
- Non-Recourse available for select properties.
- Streamlined underwriting
- Fast Closings available within 30 to 45 days.
Underwriting Guidelines
- Loan amount from $500,000 to $50 million
- Min DSCR >= 1.30x to 135x
- Max LTV <= 75-80%
- Short term and bridge loan options available for properties that do not cash flow.
We encourage you to give us a call to discuss your current needs. Our experience enables us to meet your needs and provide you with the most competitive rates and terms available in the marketplace.
Check out our products to find an option that fits your needs!