Many things are negotiable – it can be rate or it can be the structure of the deal. But it depends on many factors.
It is most critical to locate lenders that understand the nuanced self storage asset class.
Today’s self storage investment environment can be challenging for those looking to place capital in the asset class.
Keep in mind, though, that if there are issues with the facility, the current manager could be contributing to them.
If you are 100% occupied, this does not necessarily mean that you are profitable as a business.
Valuation can be necessary for buying, selling, refinancing, estate planning or challenging a real estate assessment.
Regardless of which loan structure you chose, if you want to pursue third-party management, rules have changed.
Investor’s demand is causing storage facility prices to trend higher resulting in lower returns.