Self-storage

Our extensive experience lending to the self-storage sector has led to more than $450MM in loan closings. We have space for new relationships in three key areas:

New Project Financing
TCF has solutions to help experienced operators keep new self-storage projects on track. Typical terms include:
  • Up to 4 year initial terms, with extension options available.
  • Interest-only for up to 4 years, then 25-year amortization.
  • Competitive floating rates.
  • LTC maximum of 75% and LTV maximum of 70%, based on "as stabilized" values.
  • Recourse, limited recourse and non-recourse options, based upon LTC.
Bridge Loan Program
If you’re operating a facility in a lease-up situation and want to refinance at today’s low interest rates or you want to acquire an underperforming property, this option may work well for you. Typical terms include:
  • 2-3 year initial terms with extension options available.
  • Interest-only for 1-2 years, then 25-year amortization.
  • Competitive floating rates.
  • LTV maximum of 75%, based on "as stabilized" value.
  • Recourse, limited recourse and non-recourse options, based on 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. Typical terms include:
  • Up to 10-year terms (conventional and swap)
  • 25-year amortization
  • LTV maximum of 75%
  • Recourse, limited recourse and non-recourse options, based on LTV

Equal Housing Lender

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