Largo has arranged over $500 million in self-storage financing for properties across the U.S. and Canada.
- We have a strong understanding of this property type and can provide competitive financing options through our network of lenders.
- Largo adds value by providing clients with the industry knowledge and resources needed to capitalize on self-storage financing opportunities.
Largo has long-standing lending relationships with its network of correspondent lenders that is comprised of life companies, banks, and conduits. Our lender relationships enable us to provide clients with a broad range of competitive self-storage financing options and loan products.
Self-Storage Lending Platform
Property Types: Climate/non-climate controlled
Deal Type: Refinance, acquisition, reposition/bridge
Transaction Size: $1,000,000 and up (portfolio financing available)
Term: Up to 20 years
Amortization: Up to 30 years
Guarantees: Typically non-recourse, limited – full, performance based burn off
Leverage: Loan-to-value (LTV) not to exceed 75%
Interest Rates: Fixed and floating available
Debt Service Ratio: 1.25x
This is not an offer, term sheet or commitment. Rates and terms can change without notice. All transactions are subject to underwriting and written approval.
Why Work With Largo?
Experience. Over $21 billion in commercial financing. Spanning 4 decades.
Value. We are the financial arm for our clients and help them grow their business while saving them money.
Specialized Focus. Our professionals specialize in providing financing for all Self-Storage asset types.
Results. We are honest and upfront with our clients, and when we say we will deliver…we will.
Largo Capital may be the right size mortgage banker for your self-storage refinancing needs. We work with transations $1,000,000 and up with portfolio financing available. Even better, we can connect you with a competitive network of institutional lenders that want your business, keeping your rates low.
Self-Storage Acquisition Loans
When the opportunity presents itself, acquiring an existing self-storage facility makes sound business sense. Largo Capital can provide you with competitive acquisition loans that allow you to get the best possible return on your investment.
Largo is a proud member of the Self-Storage Association (SSA), the official trade organization and voice of the U.S. and international self-storage industry.
Ned Perlman, Vice President of Originations
Phone: 716-204-1360; Cell: 716-531-5833; Email: [email protected]