# Commercial Loans

Self Storage Facility

Self-storage loans are an important part of building or acquiring storage facilities, allowing the total cost to be spaced out over a 20-30 year period. Groves Capital understands the unique requirements of self-storage loans, and are here to provide the guidance and financing necessary to get your project off the ground.

When considering a self-storage loan, lenders will look at the operating financial performance, value of the real estate, the local market and the credit profile of the borrower. That’s why it’s important to make sure you meet the qualifications for self-storage loans. Generally, self-storage lenders look for:

  • Debt Service Coverage Ratio of 1.20, or greater
  • Cash down payment of at least 15% (but can be as high as 30%)
  • Credit Score of 650 or greater
  • Competency to operate the facility
  • No recent bankruptcies, tax liens, or foreclosures within 5 to 7 years
Up to
90%
LTV - Purchase
90%
LTV - Rate & Term
80%
LTV - CASH OUT
$150K up to $5M

Apply Now!

# Commercial Loans

Self Storage Facility

At Groves Capital, we understand that self-storage loans are a specialized form of financing. Our experienced team of loan officers can help guide you through the process and ensure you have a financing solution that works best for you. We understand that self-storage loans are an important part of building or acquiring storage facilities, and we have the expertise to make sure you get the funding you need.

So if you’re looking for a commercial loan to help finance the building or acquisition of a self-storage facility, Groves Capital can help. Contact us today to learn more about our self-storage loan solutions and see how we can help you fund your project.

Apply Now
(866) 382-1466

Testimonials

"Josh Settersten, was AMAZING to work with. Really really good at what he does. Professional, trustworthy, good listener and tries to get you the best deal out there. I learned so much about getting a mortgage from him. He delivered on all fronts. I am glad I had him in my co
"Josh helped tremendously throughout the entire process of purchasing our first home. He was excellent at communicating and overall exceeded our expectations. I would highly recommend working with Josh!"
"I can not say enough great things about Brandon Wunder! Our loan was complicated to say the least, and Brandon and his team were there with me every step of the way! With every problem he communicated and found a way to solve them. I was so nervous about this process and Br
"Groves Capital is the BEST!! Before purchasing my home, I spoke with several brokers and it was such a hassle. I mean seriously, the initial broker I was working with made me want to give up on buying a house entirely.. And then Groves Capital came along! This dream team rea
"Great company and an awesome team to make it happen an easy and smooth process thanks guys."
"I had the great pleasure of working with Josh. Not only was he super accommodating but he helped me every step of the way! For me personally, this was the first time I ever bought a home and I can certainly say that without Josh it would not have been as smooth! Thank you ag
"June An is the best! Super attentive, responds quickly, and is always there for you every step of the way. I’ve used him for both second home loan, primary home refi, and heloc loans and every time has been a wonderful experience. He acquired great rates, handled all of my q

# Apply For Self Storage Facility

Why Should You Choose Us?

We're here to make the home loan process a whole lot easier, with tools and expertise that will help guide you along the way, starting with our simple Hard Money Rate Quote.

  • Customer Focused
  • Minimal Documentation
  • In-Houses Controls
  • Best Loan Services
Apply Now
(866) 382-1466
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Our Core Investing Service

Whether you’re looking to purchase a new home or refinance your existing home,Groves Capital can provide all the help you need.

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1031 Exchange

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Hotel Motel

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Mixed Use

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Permanent

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Office Buildings

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1099 Loans

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SBA Lending

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Equipment Loans

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# Apply For Self Storage Facility

States We Lend In

Looking for lending in a state not listed? We do lend in other states on a case-by-case scenario. Give us a call to see what we can do for you.

Apply now
(866) 382-1466