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Updated over 1 year ago on . Most recent reply

User Stats

23
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5
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Brandon Jack Reneau
  • Real Estate Agent
  • Conroe, TX
5
Votes |
23
Posts

SBA loan for Self Storge Development

Brandon Jack Reneau
  • Real Estate Agent
  • Conroe, TX
Posted

I am looking for financing for a self storage development. I've spoken to a couple lenders, most of them say SBA is doable but one said I can't get a SBA for a development. 

What options are there for a ground up development? I have enough equity in other assets to develop the property. My fiancé and I have good income/credit.  

Someone mentioned refinancing my properties and buying CDs then getting a line of credit. I'm not sure if that's the best option for us considering the interest rates. 

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