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Updated over 2 years ago,

User Stats

936
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971
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Gregory Schwartz
Agent
Pro Member
  • Rental Property Investor
  • College Station, TX
971
Votes |
936
Posts

SBA Loan + Veteran + Self Storage: Lender Recommendations

Gregory Schwartz
Agent
Pro Member
  • Rental Property Investor
  • College Station, TX
Posted

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?  

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Schwartz Realty Group
5.0 stars
59 Reviews

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