News Roundup: Self-Storage Rides a High, Rate Hikes Haven’t Ruined Things and the Dawning of the Age of the Cheap Chic HotelOctober 15, 2018
Self-Storage Is Up 120%+, Still a Good Bet
Let’s face it, we’re addicted to stuff. And self-storage facilities are there to help. That’s why self-storage sector REITs are up 120.6% in the last eight years. While self-storage rental rates may no longer be growing by double digits, many professionals see plenty of positives in the sector’s future.
Liberty Finances $1.9 Million Self-Storage Facility
Liberty SBF has provided nearly $2 million in SBA 504 financing to a self-storage facility in Panama City, FL. The loan allowed the owners to refinance their property, while taking advantage of the low fixed-interest rates and long terms of SBA 504 loans to improve their cash-flow position.
Rate Hikes Haven’t Impacted Pricing or Volume … Yet
While the Fed keeps bumping interest rates higher, and plans to keep doing more of the same, real estate pricing and availability have yet to show repercussions. Globe St. reports that while pricing and sales velocity are currently remaining unchanged, things could slow down toward the end of the year.
Affordable, Trendy Hotels Cash in on Consumer Demand
What do millennials want? Good design. And what do they want to pay for it? Not much. The New York Times is reporting on the rise of the cheap, chic hotel that’s meeting consumer demand with low-priced rooms combined with trendsetting designs. And consumers can’t get enough.
Liberty Finances Hotel Projects in Georgia and Utah
Liberty recently provided funding for two hotel projects, a $7.7 million loan for a hotel on St. Simons Island, Georgia, and a $4.7 million SBA 504 loan for a hotel acquisition in Midvale, Utah.
Industrial Property Activity Spikes in the Midwest
For months, East and West Coast metros have been feeling the heat of incredible demand for industrial properties, fueled by the “Amazon effect” and e-commerce logistics. Now, it looks as though the Midwest is getting involved, with a 103% increase in industrial CRE investment in Columbus, a 41% increase in Chicago and a 29% increase in Indianapolis.
How Can We Help You?
Liberty SBF is the #1 ranked non-bank SBA 504 lender by volume in the country. We offer personal service for SBA 504, bridge and conventional loans. We’d love to help you.