At Sunlite Mortgage, we understand the unique financing needs of self-storage property developers and owners. We are here to provide comprehensive development and construction loan solutions tailored to the specific requirements of your self-storage project.
Our construction program is designed to cover the costs associated with land development and building construction, ensuring that you have the necessary funds at each stage of the project. Whether it isacquiring the land, constructing the facility, or implementing crucial milestones, we can disburse funds according to a prearranged schedule or when specific project milestones are achieved.
An essential aspect of any construction loan is the exit strategy. We carefully consider this when evaluating funding options for your self-storage project. The loan can be repaid from the proceeds of standard financing or through the sale of the asset, ensuring a smooth transition once the construction phase is complete.
In addition to the exit strategy, we consider other critical factors when assessing your eligibility for a construction loan. Your experience in the industry, net worth, and liquidity are all important considerations. We also evaluate the location and quality of the site, as well as market studies to gauge the potential success of the self-storage facility.
We understand that financing a self-storage development can be a complex process, but with our expertise and industry knowledge, we can guide you every step of the way. Our empowered advisors are ready to assist you in assessing your options and determining the best course of action for finding and securing a common-sense mortgage.
By partnering with Sunlite Mortgage, you gain access to a team that is dedicated to your success. We are committed to providing welcoming, informative, and persuasive guidance to ensure that your self-storage project thrives. Do not hesitate to speak to one of our advisors today and let us help you turn your self-storage vision into a reality.
