Commercial
Self Storage Loans
Wilshire Quinn provides self storage loans with fast approvals and funding within about 5-7 days. If you are looking to close fast on self storage loans, complete our loan application and speak with a representative today.
Finance Your Next Transaction With Wilshire Quinn
- A nationwide direct Lender, not a broker
- Pre-approval in 24 hours
- Typical funding in five to seven days
- Loan amounts up to $20 million
Purchase | Refinance | Cash-Out | Rehab | 1031 Exchange
Get a Quote on a Self Storage Loan
Get started by completing the form below and an associate will reach out to get your loan details
AS SEEN ON
Self Storage Loans
Self Storage Financing Options
Wilshire Quinn finances commercial self storage loans nationwide up to $20 million. As a direct private money lender, we are able to underwrite your project fast and get a pre-approval letter within about 24 hours and fund the deal within about 5-7 days. Wilshire Quinn realizes the complexities of financing commercial self storage loans.
- Commercial self storage loans available nationwide in metropolitan areas
- Loan sizes starting at: $200,000
- Max LTV: 60%
- Purchase, refinance, cash-out refinance, rehab
- Interest only: 8.5% – 10.5%
- Term: 6 months – 24 months
Commercial self storage loans are provided for self storage and mini-storage properties that are stabilized and are located in high traffic metropolitan areas. Construction should be concrete block, brick, or wood framed. Preference is shown towards single story facilities unless a drive-up access is provided.
How Self Storage Loans Work
How to finance a self storage facility
Self storage loans are usually commercial real estate loans. Wilshire Quinn provides short term reliable financing through bridge loans typically 6, 12, or 18 months while traditional financing is secured. For self storage loans, we generally look at the business’s financial performance, value of the real estate, the surrounding market, and your credit profile to make a lending decision. Because we are a direct lender we typically are able to make this decision within 24-48 hours and provide you with a pre-approval letter. Then we are able to fund the loan within about 5-7 days.
- Loan collateralized by real estate – no business only financing
- Prefer high traffic metropolitan areas
- Loan approvals based on value of real estate rather than borrower credit score and financials
Our successful track record is closely linked to our ability to make immediate lending decisions based on our highly disciplined underwriting approach. The emphasis on in-house loan origination allows our borrowers to move forward with confidence on their mobile home park loans.
Give us a call: 619-872-6000
Here’s What Our Borrowers Are Saying
We Finance Self Storage Loans Nationwide
Submit a loan request
An account executive will reach out to review your loan request today.
FAQs – Hard Money Loans
A hard money loan is a real estate-backed loan where a borrower receives funds secured by equity in their property (or properties). Hard money lenders like Wilshire Quinn are mainly focused on the equity in the property as opposed to borrower credit and financials. Hard money loans are typically short-term ranging from six months up to two years.
Hard money lenders like Wilshire Quinn primarily focus on a property’s equity to secure the loan. The borrower’s credit is considered, but is not a primary determinant in the underwriting process.
After receiving a signed term sheet, Wilshire Quinn typically funds a loan in five to seven business days.
Wilshire Quinn will consider a wide variety of property types including: office, retail centers, industrial, hotels, parking lots/structures, condo inventory, entitled land, multifamily properties, non-owner-occupied single-family homes, vacation homes and rentals, primer loans and bridge loans.
We will consider a wide variety of loan types including: purchase, refinance, cash-out refinance, partnership buyouts, rehabs, 1031 exchanges and value-added acquisitions.
You can either complete our online loan application, email or call us. We would prefer to talk through your loan scenario directly, as we can determine in a matter of minutes, once we have a few simple questions answered, if we have interest.
Our interest rates typically range from 8.5% to 10.5%, interest-only. Lender origination points typically range from 1% to 5% of the loan amount. The borrower pays for standard closing costs (title, escrow, legal).
Most of our portfolio is in California but we do have the ability to lend nationwide. We strongly prefer to lend in major-metropolitan areas.
