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Updated over 2 years ago,
- Rental Property Investor
- College Station, TX
- 971
- Votes |
- 936
- Posts
SBA Loan + Veteran + Self Storage: Lender Recommendations
The title basically says it all. I'm looking for a lender who specializes in SBA loan products, specifically taking advantage of the opportunities available to veterans and self-storage.
My scenario is this: I'm looking to make an offer on a property that is a combo of self-storage (6,600 sf), retail/laundromat (3,200 sf), and self-service car wash (4 bays). I would run the storage and maybe the car wash then rent out the 3200 sqft to a laundromat operator. Currently, the retail space is not occupied and the owner (who use to run the laundromat) is using it as his personal storage space.
Would I qualify for the owner-occupied SBA loan based on this plan?
What other options are available to me based on this scenario?
Has anyone worked with a lender who can navigate these waters?
- Gregory Schwartz
- [email protected]
- 443-812-0357