Commercial Real Estate Investing
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback
Updated about 4 years ago on . Most recent reply
Financing for Self-Storage Investors with International Income
Hi BiggerPockets community!
We are under contract on our first cash flowing Self-Storage Facility for $500K. However, we just got rejected on our loan application from the lender that currently holds the note on the property - because of our income being international.
We are both US citizens but work for an overseas company (my partner’s family business). We file US tax returns.
Can anyone recommend a Lender/Entity that can finance this project given our circumstances?
Any advice or experience you can share if you’ve had with similar circumstances would be much appreciated!
Most Popular Reply
@Masha Klapanova - Well done on finding one, your persistence is paying off! Don't give up. @Seth Tandett has provided you a good contact if you are looking for an SBA. They are very familiar with self storage. We also know some brokers in FL that specialize in self storage financing. More than happy to connect you.