News Roundup: Self-storage & Warehouse in FocusJanuary 23, 2019
The Latest Commercial Real Estate News From Liberty SBF
Self-storage is Attractive Alternative in CRE
So-called alternative assets like self-storage and student housing are gaining interest in the commercial real estate industry. In bear markets, self-storage has historically faired well, offering a safe asset for those looking to put their money in a place that might do well if the economy softens. According to reports, alternatives are attracting attention but the market still sees comfort in office, retail, industrial and apartment properties as well as available data to support their decisions.
SBA 504 Loans and Self-storage Financing
While the mega players don’t need the SBA to finance property purchases, the independent mini storage or self-storage operator will not find a loan that beats the SBA 504. For facilities that are greater than 2-years-old, borrowers can take advantage of all the many benefits that come with the SBA 504 program: 85% loan-to-value financing, a low fixed-rate and up to 25-year terms. Read on to find out how the SBA 504 loan can finance self-storage facilities.
Returned Merchandise a Boon for Warehouses
The industrial sector is already enjoying the benefits of online shopping and the Amazon-effect on the economy. Now, the reverse is true. Reverse logistics – when consumers return unwanted items – is creating demand for even more space. According to Bisnow, this phenomenon requires upwards of 20% more space than an outbound supply chain. A CBRE report states that reverse logistics is “creating tremendous industrial real estate opportunities.”
Liberty Closes Over $40MM in Industrial Property Loans
Liberty SBF clients have been participating in the new economy with over $40MM in industrial property loans closed across the county. See all of our recently closed loans.
How Can We Help You?
Liberty SBF offers quick closings for SBA 504 and conventional loans. We’d love to help you.