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Updated over 6 years ago on . Most recent reply

Drew McKinney's profile image
Drew McKinney's profile image
Drew McKinney
  • Investor
  • from Beaver, Pennsylvania
  • Member since Sep 10, 2012

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27
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10
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Drew McKinney's profile image
Drew McKinney's profile image
Drew McKinney
  • Investor
  • from Beaver, Pennsylvania
  • Member since Sep 10, 2012
Drew McKinney
  • Investor
  • Beaver, PA
10
Votes |
27
Posts
Commercial Real Estate Investing

Self Storage lenders

Drew McKinney
  • Investor
  • Beaver, PA
Posted

Hello everyone,

Are there specific lenders out there for existing self storage facilities nationwide?  Or have any of you had success with smaller local banks that have an appetite for self storage?

Thanks!

Drew

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Michael Wagner's profile image
Michael Wagner's profile image
Michael Wagner
  • Specialist
  • from Victor, NY
  • Member since Apr 2, 2013

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Michael Wagner's profile image
Michael Wagner's profile image
Michael Wagner
  • Specialist
  • from Victor, NY
  • Member since Apr 2, 2013
Michael Wagner
  • Specialist
  • Victor, NY
844
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823
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Michael Wagner
  • Specialist
  • Victor, NY
Replied

Yes and Yes.  Live Oak and Stearns bank are big SBA lenders for storage.  But I'd recommend you start locally for no other reason than I am a bit old fashioned!

PS- You might find this BP hosted blog post to be of some value:  

https://www.biggerpockets.com/member-blogs/3915/86452-how-to-fund-your-first-self-storage-deal

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