SelfStorageDebtGuy @SelfStorageDebt
Self-Storage Debt Broker. Atlanta Based. Southeast Focused. Vamos Atlanta. Atlanta, GA Joined August 2023-
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Just got a $7.5mm construction loan under app. It was like finding hay in a needlestack but found a lender. It's more important than ever to have a debt advisor. Groups are willing to lend, but it's a grind to find the right ones!
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One our borrower nets depository requirements against LTC/LTV on all his loans. Makes sense...
@Rudolph_Cos Love these updates.
The perfect self-storage lender has three things: expertise, responsiveness, and liquidity. Knowing who has all three day-to-day is nearly impossible. A broker armed with the best data is the most valuable tool in your box right now.
In the market for a self-storage construction loan. Reached out to 95+ lenders, got 90+ no's, and have 5 term sheets in hand. If you're a buyer or developer, the time it would've taken you to do that is nothing compared to the basis points you pay a broker.
Finding construction debt for self-storage is like finding a piece of hay in a needle stack right now.
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