Bay Area Capital Funding Inc. offers many diverse programs for Self storage and mini-storage properties:

BACF Inc. provides a wide assortment of comprehensive financing programs. Our primary goal is to be your source for the financing of commercial loans. We provide creative solutions for commercial real estate investors across the nation. If you need to refinance an existing property or you need purchase money - we can help structure the terms that most suitably meet your needs.

Both traditional and stated income loans are available.

Eligible Properties

Self storage and mini-storage properties stabilized or non-stabilized and are located in high traffic metropolitan or appropriate rural areas. Construction should be concrete block, brick, or wood framed. Metal building self storage facilities accepted on a case-by-case basis.

Minimum Loan Size

$500,000.00

Pricing

refer

Location

OK in mid to large market sectors and small market sectors as appropriate

Loan Terms

5-10 year fixed terms with 25-30 year amortizations.

Prepayment

refer

Personal Guarantees

Recourse and non-recourse

Minimum DSC

1.15

Loan-to-Value

75% maximum

Rate Lock

On approval

Occupancy Requirements

refer

Impounds

refer

Third Party Reports

Appraisal
Phase One Environmental possible

Preliminary Submission:

Include the following in your request:

1. Summary with property description and location map

2. Personal Financial statement

3. Representative color photographs

4. Current rent roll and year-to-date operating statement

5. Resume

6. Existing balance sheet

7. Current year operating statement

8. Operating history - prior 3 years, if available

9. Commercial Application