Acquisition: A Solution for Self-Storage Growth

If you are considering entering the self-storage industry or expanding your portfolio but are not looking to build a brand new facility, a self-storage acquisition may be your answer. Self-storage acquisitions are often less time-consuming than ground-up construction projects because they involve the purchase of an existing self-storage business that has a local presence and customer base and that is already generating revenue.

The location, visibility of the facility and competition will determine what changes you might want to make once you take ownership. How you operate, market and improve your business will ultimately determine your bottom line. Our team of self-storage financing experts will look at your business plan and guide you to help you make decisions that will most benefit your facility and your business. Here’s what you can expect during the self-storage acquisition loan process:

Prepare

There’s no better way to get started than to have your required documentation on hand. Some of the documents you’ll need to get started include three years of personal and business tax returns, a personal financial statement, personal resume and business plan.

Connect

When you’re ready to work with one of our loan experts, you can expect an in-depth conversation devoted to your self-storage acquisition project. During this conversation, we’ll discuss the details of your project, your background and what you can expect during the acquisition process. Your loan specialist will then walk you through the application process.

Qualify

Once your completed application is received, our team will run an analysis to determine the health of your business. Next, a loan officer will issue a proposal to you with information on rates, terms and any collateral requirements. We understand that all self-storage acquisitions are unique, including yours. You can expect this phase of the process to include in-depth conversations about your history, credit and business plan, as well as our team taking a consultative approach to determining the best loan package to meet your specific acquisition needs.

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