Loan Amount: $16,035,100
Location: Southern California
Self-storage real estate investing is one of those niches that can be overlooked compared to other property types like multifamily, office, retail or hospitality. This type of investment property can yield substantial passive income and is projected to have a CAGR of 134.79% between 2020 and 2025. With low maintenance and operational expenses, self-storage properties are the ideal recession-resistant investments many investors have been looking for.
One of our trusted and experienced loan officers, Brett Sonsma, assisted a client with the financing for a five-property self-storage portfolio in Southern California. Due to self-storage not being a niche investment property, many top lenders will not lend or have no experience underwriting them. Brett found the perfect solution for the borrower. The solution was meant to help the borrower achieve his long- and short-term financial goals during a time no one would lend on this product type.
Brett went above and beyond to secure fixed rate loans with an incredible interest rate ranging between 3.50% and 3.75%. In addition, to a lower rate, he was able to secure the loan with no prepayment penalty. Brett was able to secure financing for the client quickly as they were nearing the end of their fixed term.
So, what’s the best way to go about investing in self-storage? Call Fidelity Bancorp’s Brett Sonsma! Deep industry relationships and knowledge of niche’s like self-storage will insure you get the best possible rate on your loan. Let’s take your investment portfolio to the next level! Contact us today.
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