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
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Assisted living facilities
Auto repair garages
Boutique hotels
Car dealerships
Care facilities
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Congregate care
Drugstores
Walgreens
CVS Pharmacies
Rite Aid
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Ethanol plants
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Factory outlets
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Grocery stores
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Hotels
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Independent living facilities
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Medical facilities
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Mini storage
Mixed use
Mobile home parks
Movie theaters
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Regional malls
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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
1/18/20

Oil Prices Nearly Flat for the Week
Posted on Thursday January 16, 2020

WTI and Brent crude oil futures posted small gains Friday but are down slightly for the week.

McDermott Hits Freeport LNG Milestone
Posted on Thursday January 16, 2020

Train 2 at Freeport LNG has begun commercial operations, engineering and construction contractor McDermott reported Friday.

US Adds 15 Oil, Gas Rigs
Posted on Thursday January 16, 2020

The U.S. rig count increased for the first time this year as the nation added 14 oil rigs and one gas rig.

Angola's Oil Drilling Ramps Up
Posted on Thursday January 16, 2020

Angola's ailing oil industry got a shot in the arm this week, with Eni SpA and Total SA both showing their commitment to the OPEC producer.

Schlumberger Posts $10B Loss in 2019
Posted on Thursday January 16, 2020

Schlumberger posted a $10.1 billion loss in 2019 amid North America land market weaknesses.

China Energy Leaders Set for Shake-Up
Posted on Thursday January 16, 2020

Top executives at China's leading energy companies are set for a power shake-up as the nation takes steps to reorganize and revamp its leadership and energy infrastructure.

First Shafag-Asiman Expl. Well Spudded Offshore AZ
Posted on Thursday January 16, 2020

BP announced this week that the first exploration well was spudded on the Shafag-Asiman offshore block in the Azerbaijan sector of the Caspian Sea.

Trans Mountain Oil Pipeline Wins Legal Battle
Posted on Thursday January 16, 2020

PM Justin Trudeau's bid to complete the Trans Mountain oil pipeline won a major victory Thursday as Canada's top court rejected an appeal brought by British Columbia aimed at challenging the project.

Oil Heads for Weekly Drop Amid Demand Concerns
Posted on Thursday January 16, 2020

Oil is headed for a weekly drop amid persistent demand concerns.

Oil Companies Face Serious Decisions on Iraq
Posted on Thursday January 16, 2020

Many oil and gas companies face serious decisions regarding their short and mid-term plans in Iraq, according to Rystad Energy.

Wall Street Journal
Commercial News

1/18/20

WSJ.com: US Business

CDC Removes Advice to Refrain From Vaping
The U.S. Centers for Disease Control and Prevention has moved away from a broad recommendation that people consider refraining from vaping altogether during the investigation into the outbreak of lung illnesses linked to the practice.

Cash, Plastic or Hand? Amazon Envisions Paying With a Wave
The tech giant is creating checkout terminals that could be placed in stores and allow shoppers to link their card information to their hands.

Boeing Encounters New MAX Woes
The plane maker has found a software problem that prevents the 737 MAX?s computers from powering up properly prior to flight, which could complicate the aircraft?s return to service.

Best Buy Opens Probe Into CEO's Personal Conduct
The board of Best Buy is investigating allegations that Chief Executive Corie Barry had an inappropriate romantic relationship with a fellow executive, who has since left the electronics retailer.

The Vanishing Executive Assistant
The erosion of jobs that gave women without college degrees a career path happened in dribs and drabs but is as dramatic as the manufacturing decline.

Trump Wields U.S. Economic Might in Struggles With Adversaries, Allies
Recent events show how the Trump administration is using sanctions and tariffs as a weapon to fix a global trading system the president sees as broken and to pursue other goals.

Employers Pull Back on Posting New Jobs
Job openings declined sharply in November, a sign of weakening employer demand that could restrain job growth in 2020.

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