To determine which product or service best meets your needs select one of the following.
Self Storage Refinance - Convert your "trapped" equity into cash. Use the cash from your Self-Storage Loan for expansion or other investment.
Self Storage
Acquisition Financing
- Enter the Self-Storage business with one of our
competitive rates and flexible Self Storage Acquisition
Loans .
Common Borrower Mistakes
- What are the most common and costly mistakes made by borrowers
in both Self-Storage Acquisition Loans and Self-Storage Refinance Loans.
Self-Storage Refinancing
What Are the Potential Benefits of Refinancing?
1) To create funds for expansion or improvements to the property
2) To pull out cash for new acquisitions
3) To obtain a better rate and reduce monthly payment
Here are a few of the reasons you should consider using S & W to obtain your Self-Storage Refinance Loan:
1. Outstanding Loan Terms
Our terms for Self-Storage financing for loans of $1,000,000 or higher are the best in the industry!
- Loan to Purchase up to 85%
- Low Debt Service Coverage of 1.20 to 1
- Fixed interest rates for up to 15 years
- Amortization periods of up to 30 years
- Interest only for up to 24 months
- Interest Rate Locks for up to 60 days
- Low fixed third party closing cost
- Non-recourse / Recourse
- Loan closings of 60 days or less
- 3 yr and 5 yr step down prepayment available
- 3 yr Interest only loan available ($2 million+)
2. We Handle Everything!
We manage the Self-Storage financing process each step of
the way . S&W’s many years experience in obtaining and closing
Self-Storage Loans has proved to be very beneficial to Self-Storage
owners. We work directly with the lender, appraiser, and
attorneys to coordinate all aspects of the closing process
and manage
the closing from start to finish, freeing up time for you,
and ensuring that things move quickly and smoothly.
3. Experience Professionals
Bill Walton, with S & W Capital and Realty has completed
a significant amount of Self-Storage refinances, and is happy
to evaluate your situation and discuss alternatives and programs
that best fit your needs. Whether you are looking to pull
out
cash or just to lower your payments, Bill can advise you
on how to capitalize on refinancing opportunities as a means
of
reaching your financial goals.
Note: The above services and products apply to Self-Storage Acquisitions of
properties that have at least 75% physical occupancy level and have a purchase
price of $1,250,000 or higher.
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Self Storage Acquisition Financing
Why Finance Your Acquisition With S&W?
1) We can utilize our relationships with various lenders to find you the prime self-storage loan, with the best rates and terms out there.
2) We offer a free review of the purchase contract, which saves you money and ensures that the terms of the contract are favorable to you.
3) We help you through the due diligence process by analyzing property financials, rent roll, and other important information pertaining to acquisition. We can help you decide if the investment meets your profit expectations and if you negotiated a fair price.
Here are a few of the reasons you should consider using S & W to obtain your Self-Storage Acquisition Loan:
1. Outstanding Loan Terms
Self-Storage Acquisition Loan Terms - our terms for Self-Storage Acquisition Loans of $1,000,000 or higher are the best in the industry. They feature such terms as:
- Loan to Purchase up to 85%
- Low Debt Service Coverage of 1.20 to 1
- Fixed interest rates for up to 15 years
- Amortization periods of up to 30 years
- Interest only for up to 24 months
- Interest Rate Locks for up to 60 days
- Low fixed third party closing cost
- Non-recourse / Recourse
- Loan closings of 60 days or less
- 3 yr and 5 yr step down prepayment available
- 3 yr Interest only loan available ($2 million+)
NOTE: S&W offers a free review of your purchase contract. Contracts often favor the seller and inconvenience the buyer, so as our client, we want to ensure that your agreement is logical and fair to both parties.
2. We Handle Everything!
We manage the Self-Storage financing process each step of the
way . S&W’s many years experience in obtaining and closing Self-Storage
Loans has proved to be very beneficial to Self-Storage owners.
We work directly with the lender, appraiser, and attorneys to coordinate
all aspects of the closing process and manage the closing from
start to finish, freeing up time for you, and ensuring that things
move quickly and smoothly.
3. Experience Professionals
Bill Walton, with S & W Capital and Realty has completed a significant
amount of Self-Storage refinances, and is happy to evaluate your
situation and discuss alternatives and programs that best fit your
needs. Whether you are looking to pull out cash or just to lower
your payments, Bill can advise you on how to capitalize on refinancing
opportunities as a means of reaching your financial goals.
Note: The above services and products apply to Self-Storage Acquisitions of
properties that have at least 75% physical occupancy level and have a purchase
price of $1,250,000 or higher
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Common Self Storage Borrower Mistakes
The Self-Storage financing process does not have to be complicated or stressful. One way to ensure a smooth process is to learn from others mistakes. Below are some common mistakes to consider before you start the Self -Storage Loan process.
Self Storage Acquisition/Refinance Loans
- Not exploring all available Loan products
- Using an inexperienced lawyer
- Failing to negotiate deal points in the Loan offer letter
- Failing to "adjust" actual results when appropriate to maximize your Loan amount.
- Failing to use an experienced Loan Broker
- A buyer failing to negotiate that the seller deliver key items needed to obtain a Acquisition Loan
- Not calculating your "breakeven occupancy" before you invest
- Being too aggressive with Financial Projections
1515 Mockingbird Ln. Suite 500
Charlotte, NC 28209
Phone: 888-525-9081
Fax: 704-525-9084
Bill Walton: bwalton@sandwgroup.com
Matt Lexow Gray: mlexowgray@sandwgroup.com
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