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Self-Storage

At TCF, our extensive experience lending to the sector has led to more than $140MM in loan closings. Plus, we always have space for new relationships in three key areas;
 
New Project Financing
For experienced operators who have self-storage development experience, TCF has solutions to help keep your business opening new doors. Here are some of the features you’ll find:
 
  • Typically a 3 year initial term with extension options available
  • Interest only for 3 years, then 25 year amortization
  • Competitive floating rate
  • LTC maximum of 70% and LTV maximum of 70%, based upon “as stabilized” value
  • Recourse
Bridge Loan Program
If you’re operating a facility in a lease-up situation and want to take advantage of today’s low interest rates by refinancing or want to acquire an underperforming property, this option may work well for you. With this choice, TCF provides:
 
  • Typically a 2-3 year initial term with extension options available
  • Interest only for 1-2 years, then 25 year amortization
  • Competitive floating rate
  • LTV maximum of 70%, based upon “as stabilized” value
  • Recourse, limited recourse and non-recourse options, based upon LTV
Mini Perm Term Loan
TCF also provides Mini Perm Term Loans that feature competitive floating and fixed rate options ideal for owners and investors with potential shorter term hold position. The benefits of this choice are:
 
  • Up to 10 year terms available (conventional and swap)
  • 25 year amortization
  • LTV maximum of 70%
  • Recourse, limited recourse and non-recourse options, based upon LTV
 
Member FDIC

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