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Updated almost 5 years ago,

User Stats

106
Posts
34
Votes
Jack Yen
Pro Member
  • Rental Property Investor
  • Cary, NC
34
Votes |
106
Posts

self-storage facility financing

Jack Yen
Pro Member
  • Rental Property Investor
  • Cary, NC
Posted

Hi,

I came across an opportunity that I look at last year and the broker brought back to me due to the previous buyer had a second thought. The number looks interesting and has many value-add elements. I'm wondering the next step, how to finance this type of asset? I've been thinking about the SBA since it's owner-occupied and I can use the loan to purchase everything including the real estate and with higher LTV, am I right? Would anyone give me some guidance and recommendations? The facility is in NC. 152 units

  • Jack Yen
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