Small Balance Financing
Small balance financing for the purchase, refinance, or rehabilitation of self storage facilities.
Small Balance Loans for Self-Storage Properties
Getting a loan under $1 million for a self storage property can sometimes be more difficult than obtaining a very large loan. As it turns out, smaller loans take just as much time and energy as their larger counterparts — so lenders prefer to devote their attention to the larger loans for the larger returns that they bring. Even so, our team has managed to build a meaningful network of lenders to cover almost every niche, small balance financing included. Our advisors are confident in their ability to match investors seeking small balance financing under $1 million to the right lenders by leveraging our underwriting, existing relationships, technology, and years of experience to negotiate the best small-balance commercial loan terms for self storage property investing.
2022 Commercial Mortgage Terms for Small Balance Loans
Minimum Loan: Starting at $250,000
Term: Up to 10 years
Leverage: Up to 80% LTV
Amortization: Up to 30 years
Recourse: Full Recourse
Prepayment: Step-down
Small Balance Loan Advantages
FICO scores of 580+ eligible
Stated income available
Fast closing time (average time of 35 days)
Low documentation loans available
Small Balance Loan Disadvantages
Full recourse in the event of default
Less competitive interest rates