CASHMIGO BUSINESS FUNDING
Self-Storage Facility Funding for Acquisition and Growth.
Explore self-storage facility funding for a qualifying acquisition, property improvements, security systems, equipment, operating reserves and growth.
Common funding uses for self-storage facilities
- A qualifying self-storage facility acquisition or refinance
- Roof, paving, drainage, fencing, gates and property improvements
- Access control, cameras, kiosks, software and qualifying equipment
- Marketing, payroll and operating reserves during lease-up or expansion
Potential funding paths
Information to prepare
- Recent property and operating-company bank statements and financial statements
- Current rent roll with unit mix, occupied units, achieved rents, concessions and delinquency
- Trailing operating statements, tax returns and a normalized expense schedule
Common questions
What self-storage projects may business funding support?
Depending on the program and final agreement, potential uses may include a qualifying acquisition, refinance, expansion, property improvements, access-control or security systems, equipment, marketing, payroll or operating reserves.
Why do physical and economic occupancy both matter?
Physical occupancy shows how many units are occupied. Economic occupancy reflects the rent actually collected after concessions, discounts, delinquency and write-offs. Reviewing both can provide a clearer view of property cash flow.
What rent-roll information should an operator prepare?
Useful information may include unit type and size, asking and achieved rent, move-in date, concessions, deposits, delinquency, autopay status, tenant insurance or protection-plan income, and vacant or offline units.
