Self-Storage's The BSC Group Forms Financing Alliance With Quadrant Financial Inc.
|Copyright 2014 by Virgo Publishing.|
|Posted on: 12/03/2010|
The BSC Group LLC and Quadrant Financial Inc. have formed an alliance to deliver Small Business Administration (SBA) and United States Department of Agriculture (USDA) Business and Industry guaranteed loans to the self-storage industry.
This specialized platform gives borrowers access to two industry professionals in a single shop.
The BSC Group is a nationally recognized financial and loan advisory firm with extensive experience working with self ‐ storage. Quadrant Financial is an active, nationwide SBA Preferred Lender with specialization in the delivery of real estate financing through government sponsored loan programs. The collaboration offers borrowers immediate access to both self ‐ storage and SBA experts.
“We are thrilled about the recent enhancements to the SBA program, which allow for financing of self ‐ storage, and we quickly decided that we wanted to immediately add self-storage to our diversified product mix,” said Quadrant President George Vredeveld. “Because we emphasize superior and rapid delivery coupled with common-sense underwriting, we recognized the importance of aligning with self ‐ storage experts and The BSC Group turned out to be the perfect fit. Their team is well ‐ known and well ‐ respected in the industry.”
“SBA is the buzz of the self‐storage industry right now. The opportunities are exciting and endless,” added Shawn Hill, principal at the BSC Group. “Many lenders have expressed interest in jumping into this niche, but 95 percent of SBA lenders close very few deals on an annual basis made it important to find a lender that’s an active, national SBA-preferred lender with a real estate focus, willing to be a leader in the self ‐ storage asset class, and has a streamlined process with a history of doing a high volume of transactions. Quadrant brings these attributes to the table. As a result, this alliance leverages our respective areas of specialization.”
Based in Chicago, The BSC Group LLC offers financial and loan advisory, mortgage brokerage and workout solutions to commercial real estate property owners and investors, with a special emphasis on the self-storage market.
Quadrant Financial is a nationwide SBA-preferred lender that specializes in real estate financing through government-sponsored loan programs.