News & Published Articles

The coronavirus pandemic and economic downturn have shaken the lending landscape, but there are still viable finance options for self-storage borrowers. Understand what they are, how lenders are approaching the market, how to prepare and more.

Self-storage owners looking to refinance during the coronavirus pandemic are facing several obstacles. Here’s some insight to the current lending market, including available loan options and what’s expected by lenders to secure the best terms.

During a self-storage refinance, knowing how to prepare your operating statements for a lender is critical, as the contents will impact your loan terms. Learn which items you actually need to omit to improve your financing.

Before beginning the process to refinance your self-storage loan, you should first address any deferred maintenance or flaws in curb appeal at your site. Doing so won’t only increase your chances for approval, it could lead to more favorable loan terms.

How you finance your self-storage property will impact your profitability and ability to meet business goals. Here’s an overview of lender and loan types to help you find the best match for your project.