Self Storage Property Lenders???

[Ali Jamal]

Hello Everybody,

I would like to see if anyone recommends a specific lender for a small self storage unit property that is selling for around $350k.

Thank you

[Neil Henderson]

Live Oak bank in Wilmington, NC is one of the most active self-storage lenders in the country. Beyond that, I would recommend reaching out to local banks in the area where the facility resides and start asking their lending department what their appetite for lending on self-storage. If they say "Yes, we love self-storage!" Your next question should be; ok, how many facilities have you closed on in the past 24 months. If their answer is less than 4, proceed cautiously.