Self storage continues to be a good business with strong profits and room for growth. As a result, many lenders are eager to fund purchase, refinances and construction loans in the self storage industry.
Why are Self Storage Loans Great Opportunities?
• Steady Demand: Did you know that 10.6% of households currently rent storage units, according to Spare Foot? These renters need this product because of housing transitions, moving into places that lack sufficient storage. In addition, renters run the age gamut, from college graduates to those moving into senior living situations.
• Recession Proof: Storage demand has remained consistent. People need storage when housing prices go up and when housing prices go down,
• Strong Return on Investment: Self storage properties have posted high ROI, higher than other real estate classes.
• Attractive to Lenders: Lenders like storage businesses for their profit potential, their lower maintenance costs and the ease in which owners can release units when renters have quite paying.
GRP Capital has a large network of lenders, many of whom have demonstrated interest in loans for the storage industry. We can help match our best lenders to your specific needs.
If you are interested in any form of self storage loans, now is the time to act. GRP Capital Business Associate Shail Madhav is ready to discuss your plans and funding needs right now, so you can take advantage of current low rates and lender interest. All consultations are free and GRP Capital never charges fees to borrowers.
Read more about other aspects of finding funding in today’s climate here:
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