The changes in the way financial institutions lend on commercial projects combined with the drop in value of many self-storage properties is causing some facility owners to be upside down in their loans. Those with a note coming due in the near future can learn about their options during a free webinar titled “Is Your Self-Storage Facility in Distress? Financial Options for a Tough Economy.” The live event will take place on July 14 at 11:30 ET and is hosted by Inside Self-Storage.
Part of the ISS Legal Learning Series, the online seminar will be presented by industry legal expert Jeffrey Greenberger and Neal Gussis, principal of Beacon Realty Capital. They will discuss important issues of self-storage finance and strategies for coping with economic changes. Self-storage owners, investors and managers are encouraged to attend and understand the true state of their assets in these difficult times.
The webinar is sponsored by Bader Co., an Indianapolis-based provider of commercial and tenant insurance programs for the self-storage industry.
For more information and to register for the webinar, visit www.insideselfstorage.com/webinars.
Greenberger is a partner in the law firm of Katz, Greenberger & Norton LLP in Cincinnati, where he focuses his practice on commercial real estate, with a particular concentration in self-storage. In addition to assisting facility owners and operators through legal representation and consulting, he is the legal advisor to several state self-storage associations. He is also a frequent contributor to ISS magazine and expos.
Gussis joined Beacon in 2000 and has been a principal with the firm since 2003. He is one of the self-storage industry’s best-known finance executives and a frequent speaker at self-storage conferences. During his career, he has secured more than $1 billion in self-storage financing for client transactions nationwide.