Five Steps to the Best Self-Storage Facility Appraisal
Life has changed from the days when you could walk into your lender’s office with an appraisal in hand and get a loan. In today’s lending environment, it's the lender who decides the appraiser and you, the property owner, are often left out of the whole ...More
November 17, 2008 Ray Wilson
Posted in Articles,
Finance,
Real Estate
How to Choose a Self-Storage Lender in a Lender’s Market
Choosing a lender is a vital part of any successful self-storage financing transaction, but in today’s environment, it may seem like lenders are choosing you rather than the other way around. How can you be prepared?Even in an uncertain lending market like the one we ...More
November 15, 2008 Jessica Mandel
Posted in Articles,
Finance
The Credit Crunch Leads to a Self-Storage Real Estate Slowdown
When looking for a loan, self-storage owners should explore a variety of options, such as commercial banks, regional banks, life insurance companies, credit and finance companies to find the best deal. They should also be prepared to accept more recourse, less proceeds and ...More
November 13, 2008 Eric Snyder
Posted in Articles,
Finance,
Real Estate
Today's Self-Storage Refinancing Playbook
It’s the peak of football season. Each weekend, we see coaches analyzing down situations, pondering options, whispering into headset microphones and calling in plays.Deciding whether to refinance your self-storage property is not much different. You must size up the ...More
November 11, 2008 Neal Gussis
Posted in Articles,
Finance,
Real Estate
Finding Self-Storage Construction Lending
The new financial environment has changed the availability and sources of self-storage construction loans. ...More
November 9, 2008 Richard Hill Adams
Posted in Articles,
Construction,
Finance
The State of Self-Storage Financing: 2008-2009
In the upcoming year, self-storage borrowers can expect tighter loan criteria and fewer lenders, but financing is still available. ...More
November 1, 2008 David Smyle
Posted in Articles,
Finance,
Real Estate
Self-Storage Finance: A Year in Review
The current view from the street (summer 2008) is pretty grim. One only needs to browse daily business headlines to recognize the severity of the nation’s economic situation. The “credit crunch” has gone from Wall Street to Main Street, and is leaving the ...More
October 16, 2008 Shawn Hill
Posted in Articles,
Development,
Finance,
Real Estate
Four Financing Sources for Renovating Self-Storage
Fresh paint, safe and secure storage areas, attractive landscaping ... smart business owners know that both small and large capital expenditures can go a long way toward improving their self- storage facilities’ cash flow and resale value. So the question is not if ...More
July 21, 2008 Georgia Ragsdale
Posted in Articles,
Finance
