February 29, 2024

A hard-money loan is a short-term, quick way to get financing for investment purposes, albeit at a higher cost. Because the borrower has to put up property, like a home or other real estate asset, as collateral, it’s often considered a last resort. That said, there are times when it might be useful in self-storage. Inflation has changed the lending world, and owners with expiring loans or those in need of a creative funding option might benefit from exploring this option. Fellow industry owner and author Mark Helm explains why in this video and provides specific examples of how he and others have leveraged it in the past. See if it’s a potential solution for you.

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