Security Mortgage Group LLC offers a wide portfolio of loan options, tailoring its financing to the unique needs of the Self Storage facility owner. Gerry & Anthony have provided financing for multiple location property portfolios, single facilities, and facilities under construction or in the lease-up stage.
We have closed loans ranging from $500,000 to $75,000,000 for storage properties nationwide. Security Mortgage Group understands the evolution process of a storage property throughout the construction, lease-up, expansion, and stabilized stages. Because of this, we excel at analyzing an owner's financial situation and working to match our various loan products to their specific needs.
The first step toward moving your storage facility from groundbreaking to grand opening is often a construction loan. Available financing for this type of loan request includes a floating rate mortgage and may require a personal guarantee. It may also have a "mini permanent period" that will take effect at the completion of construction. A construction loan provides 80% to 90% of a project's development costs. These loans are often provided by local banks, but Security Mortgage Group brings national lenders to the table, providing options that may not be available from the local banks. One attractive element that we offer is an aggressive construction loan with a fixed rate term after closing. This will remove the risk of rising interest rates during the critical lease-up stage of your new facility.
When financing that tricky lease-up period for your storage facility, we understand that the current occupancy may not paint the truest image of the strength and potential of your facility. So, we work with our lenders to demonstrate the facility's maximum value while trying to incorporate near-term lease-up trends. For stabilized facilities, Security Mortgage Group is able to provide some of the lowest interest rate spreads and most competitive non-recourse rates and terms in the industry.
Our philosophy is to always be available, over-deliver on promises, and make sure we understand the needs of our clients.
- Construction, Acquisitions, refinancing & lease-up mortgages
- Loans starting at $500,000
- 25-30 year amortizations
- Non-recourse available
- Nationwide service
- Interest-only periods available
- Financing for single properties or for property portfolios
- 75% loan-to-value on stabilized loans
- Long-term fixed and floating rates available
- Capped lender fees