Property type
Self-storage loans, matched to your deal
A self-storage loan finances a facility let on short, rolling agreements rather than long leases, which gives the asset an unusual income profile: no single tenant matters much, but the whole rent roll can reprice quickly in either direction. Lenders underwrite occupancy trend, management quality and the competing supply within the local catchment, and they treat a stabilised facility very differently from one still in lease-up.
- 5,000+loan programs screened
- 5–8matches on a typical deal
- $0 upfrontto submit and compare offers
- 0.50–1.00%broker fee, paid only at closing
Who is a self-storage loan actually for?
Owners and buyers of storage facilities, from stabilised assets bought for income through to newly built sites working through lease-up, and conversions where another building is being turned into storage units. Ownership ranges from single-site operators to small portfolios, and the underwriting shifts as the count grows because management infrastructure starts to matter.
What do self-storage lenders disagree about?
How to treat a facility that has not stabilised. Occupancy on a storage asset can move quickly, so programs differ on how much of a lease-up curve they will underwrite, on how they read a site with new competing supply nearby, and on how much they require of the management platform. Professionally managed facilities with real reporting are read differently from owner-managed sites with thinner records.
How does getting matched actually work?
You describe the deal once — about five minutes — and it is screened against 5,000+ loan programs. Most deals return 5–8 matches, and the median first offer arrives in under an hour. There is $0 upfront; the fee is 0.50–1.00%, paid only at closing.
YieldStack is a commercial mortgage brokerage, not a lender. The rate, the leverage and the credit decision belong to the lenders competing for your deal; our job is making sure the right ones see it at the same time, so the terms you compare are real competition rather than one desk’s appetite.
What do lenders actually look at?
Every program weighs these in its own way — which is the argument for several quoting at once.
- Occupancy, and the direction it has been moving
- Rental rate trend and the achieved rate against asking
- Competing supply within the catchment, including anything under construction
- Management platform, systems and the quality of reporting
- Unit mix, including climate-controlled space
Frequently Asked Questions
How do lenders underwrite storage income?
On occupancy and rate trend rather than on lease term, since agreements are short and rolling. The pattern over recent months carries more weight than any individual tenancy.
Can a facility in lease-up be financed?
Yes, generally through bridge programs underwriting to a stabilised projection. How much of the lease-up curve a lender will credit is exactly where programs diverge.
Does third-party management help?
Frequently. A recognised management platform brings systems, pricing discipline and reporting that lenders can rely on, and some programs weigh it explicitly.
How much does nearby competing supply matter?
A great deal, because storage demand is local and new supply within the catchment can reset rates quickly. Lenders look at what is planned as well as what is built.
Is climate-controlled space underwritten differently?
It usually commands stronger rates and can steady demand, so unit mix forms part of the assessment rather than being a separate rule.
Can a conversion into storage be financed?
Yes, though it is underwritten closer to construction or heavy value-add, because the income being lent against has to be created first.
Is YieldStack a lender?
No. YieldStack is a commercial mortgage brokerage, not a lender. Every term sheet comes from a lender in the network and is subject to that lender's underwriting.
Does it cost anything to see terms?
No. It costs $0 upfront to submit a deal and review offers; YieldStack's broker fee is 0.50–1.00% of the loan amount and is paid only at closing.
Is financing guaranteed?
No. Every credit decision is made by the lender; YieldStack arranges the introductions and negotiates on the borrower's side, and no loan, rate, or closing is guaranteed.
Next step
One deal.Several lenders.
YieldStack is a commercial mortgage brokerage, not a lender.