Met Mortgage 501 56th Street West New York, NJ O7093   <201-866-4800>    Fax: 201-661-2806
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Links & Market Update		 Self Storage

Commercial Institutional Financing & Funding plus Hard Private Money Bridge Loans.

bullet($500,000 to $10,000,000)
 
bulletPROPERTY TYPES: Existing self - storage facilities containing a minimum of 25,000 sq. ft. of building area. Masonry buildings are preferred, but metal buildings will be considered on a case-by-case basis. Locations should be in commercial or industrial areas with high visibility and accessibility.
 
bulletLOAN LIMITS: The loan not exceed 65% of value or the amount that produces a minimum debt service coverage ratio of 130%.
 
bulletOCCUPANCY REQUIREMENTS: Property must have had at least 85% occupancy for the past twelve months.
 
bulletBORROWING ENTITY: Generally, a single purpose entity is required.
 
bulletLOAN TERM: 
 
bulletRATES: 
 
bulletRECOURSE: Recourse 
 
bulletASSUMABLE: No
 

© 1997 Met Mortgage Corp. 

Commercial Institutional Financing through out the US. Private Funding Hard Money, Apartments, Bridge Loans, Equipment, Office, Retail, Self Storage, Health, Hotel/ Motel, Industrial & Mixed-Use. Note and Mortgaging Purchasing.
 

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    Met Mortgage 501 56th Street West New York, NJ O7093   <201-866-4800>    Fax: 201-661-2806