Since 1977, we've specialized in obtaining permanent mini storage loans for purchases or re-financing.
Call us toll-free at 1-800-595-1474
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5-Star Mobile Home Parks
Apartments
Apartment Buildings
Assisted living facilities
Auto repair garages
Boutique hotels
Car dealerships
Care facilities
Car wash facilities
Casinos
Church financing
Congregate care
Drugstores
Walgreens
CVS Pharmacies
Rite Aid
Energy
Ethanol plants
Factories
Factory outlets
Franchises
Gas stations
Golf courses
Grocery stores
Hospitality
Hotels
Housing developments
Independent living facilities
Industrial parks
Land acquisitions
Manufacturing facilities
Medical facilities
Medical offices
Mini storage
Mixed use
Mobile home parks
Movie theaters
Office buildings
Offices
Parking garages
Post Offices
Private schools
Raw land
Regional malls
Residential subdivisions
Resorts
Restaurants
Retail centers
RV parks
Senior housing
Shopping centers
Ski resorts
Special use buildings
Strip centers
Student housing
Tract development
Warehouse distribution centers
Warehouses
Wineries

 
 
 

Mini Storage Loan

Ocean Pacific Capital has been in the commercial loan business since 1977. We have the experience needed to make getting a commercial loan a smooth and easy process for the client.

We specialize in obtaining permanent mini storage loans for purchases or re-financing. It's easy to apply or call us toll free at 1-800-595-1474 for a free consultation. Our access to an extensive network of commercial lenders allows us to offer multiple alternative loan scenarios. Our 28 years of experience in the commercial loan business will be utilized to present your qualifications in the best light possible to a multitude of lenders.

When comparing both rents and overall development costs, these properties most often have rents that are lesser, but have a total development cost that is up to half that of retail, multi-family, office, or warehouse properties. To the lender, this means a significantly less of an investment or financing of loans on self-storage units to be serviced while enjoying comparable rent rolls to other real-estate investments.

The real costs of operating managing and maintaining the property is another big factor that appeals to investors and lenders. Mini-storage operating costs can range from $1.50 to $2.00 per net leasable square foot. Other commercial real-estate properties could range from $2.50 to $3.50 per square foot. Apartments and multi family units, office warehouses, and retail shopping properties have to continually keep up the grounds, plumbing, electrical fixtures and a variety of other maintenance items. This usually require the employ of a substantial maintenance staff.

Lenders of mini storage loans like the numbers. The real story in comparing these properties to other real estate investments is that the investor can get a much higher ROI or Return On Investment. Secondly, the investor's initial investment is a third or half of other investments. The investor does not have to be concerned about additional cash requirements involving tenant improvements or ongoing major maintenance.

The statistics for these investments are encouraging. Lenders financing purchase and refinance loans of mini storage properties take note that the number of these properties that went into the FDIC or RTC for sale due to foreclosure was quite less than other real-estate properties being foreclosed. Of the 8 percent in self-storage facility failures, a large number of properties were taken back because they were collateral for other projects.

What is the reason for a large difference in success between self mini storage and other real estate commercial investments? What are the main factors that give this investment the extra advantage for surviving tough times? During those times when a certain market is experiencing an economic come back business grows, employment opportunities increase and sales of single-family homes start to rise.  Research by lenders of these property's rent rolls during these times should show a higher percentage of mobile customers and people moving into the market for the first time. On the commercial side, increased business actively means an increased volume of commercial tenants.

On the other hand, when the economy starts to slow down, the same happens to business, employment and the markets  in general. However, the opposite effect still causes the same mobility that most often benefits mini-storage. People begin to move or selling their houses and moving into smaller homes or apartments. Commercial businesses pullback or look to mini-storage for storing inventories. Approving financing applications for loans on mini self storage investments are attractive to commercial lenders.

A staggering economy does have a negative impact on this industry. During down turns in the economy, multi-family vacancy rates can increase as much as 25 percent, while office and retail vacancies increase as much as 30 percent. This is lost revenue to commercial office and retail properties. It is not recovered until the market's and the economy recovers .

We fund all commercial and construction loans from $500,000.00 to $1,300,000,000.00 worldwide.

  • Debt coverage ratios from 1.10 up
  • Adjustable and Fixed Programs
  • Loan to cost up to 100%
  • Loan to value up to 90%
  • 10 to 30 year Financing

If you need Commercial Monies, Equity Partners and /or Secondary / Mezzanine Financing, call our Commercial Loan Department at 1800 595-1474 or apply today for a free consultation.

 


Whatever your financing needs,
we will tailor a loan that's right for you.

 


Daily Oil & Gas and Wall Street Journal News
5/22/18

Cuadrilla Seeks Consent to Frack UK's First Horizontal Shale Gas Well
Posted on Monday May 21, 2018

Cuadrilla Resources submits an application to the Secretary of State for the Department for Business, Energy and Industrial Strategy for the consent to frack the UK's first horizontal shale gas well.

Serica Says Awaiting U.S. Licence For Rhum Field
Posted on Monday May 21, 2018

Serica Energy is still awaiting clarity on the impact of the renewal of U.S. sanctions on fields in the North Sea half-owned by a UK subsidiary of the National Iranian Oil Company.

Analysts: UK Shale Package Won’t Have Tangible Effect on Industry Momentum
Posted on Monday May 21, 2018

The latest regulatory package from the UK government to support domestic shale exploration hasn't won over BMI Research analysts.

Top 10 Drilling Contractors Oil, Gas Professionals Want to Work For
Posted on Monday May 21, 2018

Rigzone outlines the top 10 drilling contractors oil and gas professionals want to work for, according to its latest Ideal Employer Survey.

Oil Rallies to Multi-Year Highs on Venezuela Worries
Posted on Sunday May 20, 2018

U.S. crude hit its highest level since 2014 amid rising concerns that Venezuela's oil output could fall further following the country's presidential election and potential sanctions on the OPEC-member nation.

BP Sees Legal Jeopardy in Activists' Push for Climate Action
Posted on Sunday May 20, 2018

After paying more than $65 billion in legal costs for the Deepwater Horizon catastrophe, BP is wary of the risk of lawsuits related to climate change.

Southern Slims Downs After Bets on Big Projects Fail to Pay Off
Posted on Sunday May 20, 2018

Southern Co., which has spent billions of dollars to expand its U.S. utility empire, is now retrenching.

Corvex, Icahn to Mull Bid for Oil and Gas Producer Energen
Posted on Sunday May 20, 2018

Activist hedge fund manager Keith Meister and billionaire investor Carl Icahn said they may try to buy oil and gas producer Energen Corp.

Production Vessel at Ghana's Jubilee Oilfield to Shut Temporarily
Posted on Sunday May 20, 2018

The production vessel at Tullow's flagship Jubilee oilfield off Ghana's west coast will shut down next week for 21 days while it undergoes repairs, the country's power utilities said.

Polyester, Nylon Clothes May Be Caught in UK Curbs on Plastics
Posted on Sunday May 20, 2018

U.K. Chancellor Philip Hammond is being urged to start taxing clothes made from polyester and nylon.

Wall Street Journal
Commercial News

5/22/18

WSJ.com: Commercial Real Estate

Sportswear-Maker Puma to Open New York Flagship
Germany?s Puma has signed a lease deal to creating a marquee location on Fifth Avenue that will be the first of its kind for the company in North America.

Kushner Cos., Brookfield Near a Deal for Stake in 666 Fifth Ave.
The real estate arm of Brookfield Asset Management is in advanced talks with Kushner Cos. to buy roughly a 50% stake in 666 Fifth Ave. and invest hundreds of millions of dollars in the Manhattan office tower, which has been at the center of a controversy over possible conflicts of interest involving Jared Kushner, President Donald Trump?s son-in-law and adviser.

Sign of the Times: New Office Space Created in Retail's Tumult
Normandy Real Estate Partners? $133 million deal for the upper portion of ABC Carpet?s flagship store is an example of office space edging into territory that once was retail?s domain.

Want to Buy a Luxury Hotel in the U.S.? Try China's Insurance Regulator
When Chinese regulators seized control of Anbang Insurance, they took ownership of more than a dozen luxury U.S. hotels. Now, as the government looks to sell, it faces a problem: The buildings likely are worth less than what Anbang paid only a couple of years ago.

New York's Commercial Property Slump Shows Signs of Slowing
After a two-year plunge, brokers are optimistic that more deals will take place in 2018.

NYC Council Stops Midtown Tower Construction
Work on an 800-foot-tall tower in East Midtown that has been under construction for six months was halted last week following a vote by the New York City Council to limit skyscrapers in the area,.

Malls Never Wanted Gyms. Now They Court Them
Mall owners long treated gyms, massage parlors, and billiards halls as unwanted tenants that attracted lower-rent visitors who were unlikely to shop. Now they?re giving health clubs some of their best real estate.

BRE #:00619059
Charles Elfsten, President
Charles A. Elfsten
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