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Last updated on Feb 8, 2023
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Small Balance Financing

Small balance financing for the purchase, refinance, or rehabilitation of self storage facilities.

In this article:
  1. Small Balance Loans for Self-Storage Properties
  2. 2022 Commercial Mortgage Terms for Small Balance Loans
  3. Small Balance Loan Advantages
  4. Small Balance Loan Disadvantages
  5. Get Financing
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$5.6M offered by a Bank at 6.1%$1.2M offered by a Bank at 6.0%$2M offered by an Agency at 5.6%$1.4M offered by a Credit Union at 6.1%Click Here to Get Quotes!

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

      • Back to Financing Options

      In this article:
      1. Small Balance Loans for Self-Storage Properties
      2. 2022 Commercial Mortgage Terms for Small Balance Loans
      3. Small Balance Loan Advantages
      4. Small Balance Loan Disadvantages
      5. Get Financing

Getting commercial property financing should be easy.⁠ Now it is.

Click below for a free, no obligation quote and to learn more about your loan options.

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Self-Storage Loan is a Janover company. Please visit some of our family of sites at: Multifamily Loans, Multifamily Today, Commercial Real Estate Loans, SBA7a Loans, CMBS Loans, Apartment Loans, HUD Loans, HUD 221d4 Loan, HUD 232 Loan, HUD 223f Loan, HUD 223a7 Loan, SBA Express Loans, SBA 504 Loans, and OpportunityZones Help.

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