Finance

With changes in the general economy have come changes in the self-storage finance world. Self-storage lenders, like those for all commercial real estate, apply more stringent underwriting standards when evaluating the potential of a construction, permanent or other self-storage loans. Even the refinancing process has become more challenging for self-storage owners, who must weigh their options and exit strategies. Some negotiate with lenders in an attempt to salvage underperforming self-storage properties. Tax issues are also a significant concern for self-storage owners. Cost segregation and 1031 exchange are possibilities to be explored. Financial and operating performance is reported quarterly by the self-storage real estate investment trusts (REITs): Public Storage Inc., U-Store-It Trust, Sovran Self Storage and Extra Space Storage.

  • Another Walk Down Wall StreetSelf-storage financing players talk about the market, lending terms, interest ratesand more
    Another Walk Down Wall StreetSelf-storage financing players talk about the market, lending terms, interest rates and more By Tara Collins Higher interest rates have slowed the progress of smaller self-storage financing transactions. However, most lenders say there's still ...More
    April 1, 2000 Tara Collins
    Posted in Articles, Finance
  • The State of Real EstateChange, overbuilding and the future of self-storage
    The State of Real EstateChange, overbuilding and the future of self-storage By Michael L. McCune It has been a year since I last explored the real-estate aspects of self-storage in depth in this publication. The momentum of the last millennium has carried the self-storage ...More
    February 1, 2000 Michael L. McCune
    Posted in Articles, Finance
  • From Start to FinishPutting a loan package in order
    From Start to FinishPutting a loan package in order By Joe Fordonski Finding the type of financing that best fits their needs is key to self-storage owners today. Given the volatility in the commercial mortgage backed securities (CMBS) market over the past 12 months, ...More
    November 1, 1999 Joe Fordonski
    Posted in Articles, Finance
  • From The Strip to Wall Street
    From The Strip to Wall Street The numbers are in, and it's a record. This year's Las Vegas expo was the largest and most successful yet, with just under 3,000 participants. We'd like to express our gratitude to all those that have contributed to and frequented the show for ...More
    February 1, 1999 Teri L. Lanza
    Posted in Articles, Finance
  • 1999 State of the Industry Report
    1999 State of the Industry Report By Tom Brecke The end of the century is shaping up to be an interesting time for the self-storage industry. After years of steady, unfettered growth, current signals indicate a possible slowdown in an industry that has done nothing but ...More
    January 1, 1999 Tom Brecke
    Posted in Articles, Development, Finance
  • Falling Interest Rates:That's Good, Right? So Why Aren't We Smiling?
    Falling Interest Rates:That's Good, Right? So Why Aren't We Smiling? The following is reprinted from the Argus Self Storage Sales Network Market Monitor newsletter. Interest rates are at all-time lows, which is good if you're a consumer, but something odd is happening in ...More
    January 1, 1999
    Posted in Articles, Finance
  • A Walk Down Wall StreetThe state of financing in the self-storage industry
    A Walk Down Wall StreetThe state of financing in the self-storage industry By Tara Collins Though reserved, lenders and Wall Streeters are optimistic for 1999. While the market took a hard turn during the last two quarters, things are beginning to look up for self-storage ...More
    January 1, 1999 Tara Collins
    Posted in Articles, Finance
  • The Financial Package
    Everything's Coming Up Roses Lenders Offering All-Time Low Interest Rates By Eric Snyder There is absolutely no question that now is the time to refinance your self-storage facility. The current interest-rate environment is one of the best in the last 25 years. At the ...More
    November 1, 1998 Eric Snyder
    Posted in Articles, Finance
  • A Dynamic Market
    Securitized Lenders: What is the deal? By Neil Gussis Lenders that securitize their loans are here to stay. The savvy self-storage owner understands financing alternatives, takes advantage of good economic conditions and focuses on lenders with expertise in the self-storage ...More
    November 1, 1998 Neil Gussis
    Posted in Articles, Finance
  • One on OneAn Interview With Neil Gussis
    One on OneAn Interview With Neil Gussis Neil Gussis, senior vice president, First Security Commercial Mortgage When we last caught up with Neal Gussis in the June 1995 issue of Inside Self-Storage, securitized lending was just beginning to make inroads in the self-storage ...More
    October 1, 1998
    Posted in Articles, Finance
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