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.


  • Falling Dow(n)
    AS I WRITE THIS, STOCKS ARE SINKING. THE DOW HAS JUST PLUNGED 230 POINTS TO ITS FIRST CLOSE BELOW 8000 IN TWO MONTHS, and the NASDAQ is down 36. Investors are being pelted with sour economic news. And yet, on the positive side of things, mortgage rates are at record lows. ...More
    November 1, 2002 Teri L. Lanza Posted in Articles, Finance
  • Financing for the Long Term
    If you have been thinking about buying or refinancing a self-storage facility, there has never been a better time to place long-term financing on your property. "Long Term" in the financing world is generally considered to be 10 years or longer, and long-term financing ...More
    November 1, 2002 David Smyle Posted in Articles, Finance
  • ITLA Capital Corp. and Imperial Capital Bank
    HEADQUARTERED IN LA JOLLA, CALIF., ITLA CAPITAL CORP. is a publicly traded financial-services company. It operates primarily through its banking subsidiary, Imperial Capital Bank (ICB), an FDIC-insured financial institution with approximately $1.5 billion in assets. Since ...More
    November 1, 2002 Posted in Articles, Finance
  • Money Matters Made Easy
    From construction loans to refinance, this easy-reference guide will lead you through the process and help you negotiate the twists and turns of banking. Structure Your Deal Understand the type of loan you are seeking. Different kinds of loans mandate unique requirements of ...More
    November 1, 2002 Posted in Articles, Finance
  • Storage USA Franchise Program
    Inside Self-Storage recently had the opportunity to interview Ed Ansbro, vice president of Franchising For StorageUSA (SUSA). Following are his comments on the company's program, how it is growing, and what it can do for self-storage developers in all parts of the country. ...More
    November 1, 2002 Posted in Articles, Development, Finance
  • Anticipating the Refinance
    The fall marks the season when many people focus on time ahead. The kids are back in school, summer vacations are over, and the days are getting shorter. This is the time when I start the house projects I put off over the summer. Have you ever noticed the first 80 percent ...More
    November 1, 2002 Neal Gussis Posted in Articles, Finance
  • Finance Techniques and Alternatives
    Facility owner and real estate broker C. William Barnhill did some interesting research on loans he was refinancing for his own account. I asked him to share his findings with our readers. TRADITIONAL, FIXED-RATE, COMMERCIAL BANK LOANS HAVE BEEN the mainstay for ...More
    November 1, 2002 Michael L. McCune Posted in Articles, Finance
  • The Southeast, Round Two
    Our roundtable of experts gathered this month to discuss the Southeastern United States. The Southeast has lots of buyers and some folks thinking about selling. Let's hear what our local experts have to say about their respective cities and regions. The brokers surveyed ...More
    September 1, 2002 Michael L. McCune Posted in Articles, Finance
  • Automatic Rent Collection
    Modern management software can collect your rental revenue automatically, without any action by your employees. The benefits are profound: reduced overhead, accurate auditing, reduced customer costs, increased occupancies and increased rental rates. Once you learn a few ...More
    May 1, 2002 Douglas Carner Posted in Articles, Finance, Technology
  • Financial Feasibility of Records Storage
    Until now, the underlying profitability of records storage has little surfaced or been presented in a comprehensive cash-flow model. Moreover, the financial advantage of codeveloping records storage with self-storage needs to be made clear. The purpose of this article is to ...More
    April 1, 2002 Jim Oakley Posted in Articles, Development, Finance