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
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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.

 

Wall Street Journal
Commercial News

3/4/21

WSJ.com: US Business

GM Looking to Build Second Battery Factory in U.S.
General Motors and joint-venture partner LG Chem are close to completing a decision to locate the plant in Tennessee, said people familiar with the matter.

eBay Is Removing Dr. Seuss Books Deemed Offensive
EBay is working to prevent the resale of six Dr. Seuss books pulled this week by the company in charge of the late author?s works because they contain offensive imagery.

Gap CEO Predicts Apparel Rebound as People Emerge From Covid-19
Gap executives said consumers are eager to buy the kinds of apparel that they have been able to forgo during much of the Covid-19 pandemic.

Costco Sales Rise 15% in Latest Quarter
The wholesale retail chain?s sales climbed again as Americans continue to shop for food and goods for the home during the pandemic.

Square to Buy Majority Stake in Jay-Z's Tidal Platform
The San Francisco payments company said Jay-Z will join its board as part of the $297 million cash-and-stock deal, and Tidal?s current shareholders will remain co-owners.

Powell Confirms Fed to Maintain Easy-Money Policies Until Economy Recovers
Federal Reserve Chairman Jerome Powell reaffirmed his intention of keeping easy-money policies in place until the labor market improves much further, but provided no sign the central bank will seek to stem a recent rise in Treasury yields.

China Sets 2021 GDP Growth Target at Over 6%
The goal is comfortably lower than most economists? consensus expectations for the world?s second-largest economy to  grow by 8% or more this year.

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