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Creative Real Estate Financing

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Allen Hudson
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LENDERS FOR ELF STORAGE

Allen Hudson
Posted Jul 10 2019, 12:14

Has anyone had any luck with obtaining bank financing on a storage facility in which there are no financials? The seller can provide rent rolls, but not traditional financials. Tax returns are useless as well because the seller lumps multiple investments into an LLC for tax purposes. The facility has historically ran at a high occupancy (around 90%) with 111 units. Thanks in advance.

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