Been around for quite some time and have made runs trying to acquire a SS facility and also considered developing in the past but now feel like its time.

That's how I find my storage facility, which is my best investment ever.Congratulations!

Sober living facilities aren't passive.

Unfortunately, this relationship did not turn out the way we had hoped, and after falling short of their budgets and projections, we terminated them and proceeded to build out our own property management company to manage the facilities in the fund.

The price per sqft is very high for an office built out for medical use.. however, there is an in place tenant paying strong rent with 3% increases for 10 years (close to 7% cap, NNN)What I don't understand is why the tenant agreed to pay close to 2X market comps in rent in price per sqft per year for this facility.

Would almost have to think it is someone that used to be in the industry to even understand how warehouse funding facilities work etc.  

my self I have  been with my same commerical Banker for over 30 years without him I would not have made it through 08 to 2011.. loyalty is key,that said I have borrowed from one other commercial bank as well. my loan facilities are not what most are doing.. they are land and development loan and vertical .. and a few commercial buildings..

Curious if anyone has experience investing in any storage facility syndication with Spartan and if they would recommend them?

Generally, SBA loans can only be used directly for real estate purchases if the loan is being used to purchase a facility for a non-real estate investment business that will owner-occupy at least 51% of the property.

Waste water treatment facilities.