Commercial Financing for Self-Storage Properties

Self-storage properties have been on the rise over the last three decades, making a big push to be included as a major real estate asset class alongside Multifamily, Office, Retail, Industrial, and Hospitality. As housing affordability becomes a bigger issue, more Americans are renting rather than owning homes, and small businesses are increasingly transient, demand for storage space continues to rise. We would no longer refer to Self Storage as a niche asset class when it comes to attracting financing. There are hundreds of lenders across the country that would gladly underwrite a storage deal with good fundamentals, and even tertiary markets can support them. Financing at the best rate and terms for self storage deals can come from banks, credit unions, or CMBS.

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