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Updated over 5 years ago on . Most recent reply

User Stats

27
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10
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Drew McKinney
  • Investor
  • Beaver, PA
10
Votes |
27
Posts

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

Most Popular Reply

User Stats

823
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844
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Michael Wagner
  • Specialist
  • Victor, NY
844
Votes |
823
Posts
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

  • Michael Wagner
  • Loading replies...