"America's Premier
Self Storage Brokers"
April/May 2007
1-800-55-STORE
Argus Sales Property Pick New Listings Argus News Financing Focus Vendor View Industry Insights Upcoming Events
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"America's Premier April/May 2007 |
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1-800-55-STORE |
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Argus Sales Property Pick New Listings Argus News Financing Focus Vendor View Industry Insights Upcoming Events |
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We are proud to welcome our
newest Broker Affiliates to the
Click Here to find an Argus Broker near you!
To view information on all of our nationwide self storage listings Click Here Ridgeland & Gluckstadt, MS
For more information on this
opportunity,
Do I Have Financing Alternatives?
Why purchase a
Self-Storage Facility and what are your Financing Options?
Finance Your Project Short term/Bridge Loans (3-5 years): This type of financing is ideal when purchasing a facility that has experienced poor management, needs additional units or is a quick flip. The short-term loan can give the investor time to improve the property and increase the net operating income prior to seeking long-term financing. For loans where facilities are operating below stabilized occupancy (generally 80%) or where the loan amount in under $1,000,000, the best source of financing is a local/regional bank. The typical down payment is 20% – 25% of the purchase price and the rate is often based on Prime (currently 8.25%). The loan is normally “recourse.” This means the borrower will be personally liable for the loan. Long-term/Permanent Loans (5, 10 and 15 years): Investors use this type of financing when refinancing a short-term loan or acquiring/refinancing a stabilized property (80% + occupancy). For long-term loans of more than $1 million, the best source of financing is a conduit loan. By definition, conduit loans pool similar real estate assets together and sell them to outside investors. This enables conduit lenders to offer lower rates (currently in the low 6% range), longer amortization periods (25 to 30 years) and loans that are typically non recourse. When acquiring or refinancing a self-storage facility or any commercial real estate, you do have options. Evaluate all of the financing options available to you. The monthly mortgage payment is typically a self –storage facilities’ largest expense. Proper financing is the easiest way to prevent cash flow loss and create value as an investor. Matt Lexow-Gray is a senior loan originator with S&W Capital and Realty, a boutique mortgage brokerage firm that strives to find solutions to borrowers financing needs. For more information, call 888.525.9081; e-mail mlexowgray@sandwgroup.com; visit www.sandwcapital.com.
Sovran Self Storage (SSS) Acquires Storage Facilities for $44 Million
Big Yellow Breaks Ground on
Self-Storage in Dubai's IMPZ
Fitch Affirms Public Storage, Inc. at
'A-'; Outlook Stable
InStorage REIT announces fourth
quarter and 2006 year end results
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Argus Sales
The Argus Self Storage Sales Network r r r
For more information, r r r
Arizona Self Storage Association visit www.azselfstorage.com for more information
Alabama Self Storage
Association visit www.alabamassa.org for more information
Mississippi Self Storage Owners
Association visit www.msssoa.org for more information
Great Lakes Self Storage Expo visit www.glss-expo.com for more information
Inside Self Storage
Summer Expo visit www.insideselfstorage.com/expo for more information
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Bob Randklev,
of Skogman Commercial Real Estate Group in Cedar Rapids, IA, is a commercial real
estate specialist with a priority towards business development, real estate
investments and property management. Bob has been an active commercial
investor since 2003 and currently owns/manages a mini-storage facility, as
well as multi-family and single family rental properties. He can be reached at
319-533-6927 or 
Sheldon Johnson,
of Johnson Group in St. Louis, MO, will represent Argus in Eastern
Missouri and Southern Illinois. Sheldon has over 22 years of experience
in sales and leasing of office, industrial, land and investment properties.
He holds both the CCIM and SIOR designations and and has served as President
of the St. Louis SIOR Chapter. Sheldon can be reached at 314-862-3000 or
Jack Stumpf and
Jon Cerruti of Jack Stumpf & Associates
are located in Harvey, LA and will represent Argus in the state of Louisiana.
Their firm focuses exclusively on the brokerage, leasing and management of
commercial real estate properties. They can be reached at 504-366-6800
or 
