Self storage
Experienced developer looking for an equity partner(s) for development of self storage facilities.
Replies to This Discussion
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Permalink Reply by Steven Rogovich on
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Where would the site be located?
Rogo@kennedyfunding.com
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Permalink Reply by Arnold Walker on
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Our Private Equity Investment Funds provide 100% CLTV and 100% LTC Financing for Commercial Real Estate Property Purchases and Commercial Real Estate Property Developments (as well as Residential Developments/PUDs) based on the following primary financing program options.
If you have a Commercial Real Estate Project or Property Purchase in need of 100% Debt or JV Equity Financing, please see let us know if the program options below are a fit for financing requirement and contact us to proceed to 100%CLTV or 100%LTC financing for your Commercial Real Estate Purchases or Projects today.
Option 1: 100% CLTV - ''Combined Loan To Value'' Debt Financing - (Purchases and Refinances)
**{e.g. 90/10, 80/20, 60/40, 70/30, 50/50 Structures provided for 100% financing}**
Loan Amounts: USD$1,000,000.00 to No Upper Limit
Interest Rates: 2, 5 or 10 year fixed U.S. Treasury rates plus 2.50% (4.56%, 4.96% or 5.13% currently)
Amortization: 360 months
Personal Recourse: Not Required
Prepayment Penalty: 12 month prepay lockout; no prepayment penalty thereafterTime to Close: Approximately 30 business days after all required documents have been received for underwriting review.
* The Debt Financing option provides fixed terms of 2, 5, or 10 years on a 30 year amortization
* The adjustment caps are .25 annual, 1.25% lifetime cap over start rateOption 2: 100% CLTV Joint Venture Equity Financing - (Purchases and Capital Injections)
Loan Amounts: USD$1,000,000.00 to No Upper Limit
Profit Share/ROI: Typically 25% to 33% (Average profit share is 'one quarter' to 'one third' of net profits.)Loan Term: 12 months to 120 months
Minimum ROI: Loan amount plus the agreed ROI
Early Buyout: Permitted at the return of principal plus agreed ROI
Personal Recourse: Not RequiredPoints: 2.00
Maximum CLTV: 100%Time to Close: Approximately 20 business days after all required documents have been received for underwriting review.
* With our Joint Venture Financing, 100% of the required funds are provided in exchange for a profit share.
* All profit share payments pay toward the total ROI.
* The JV loan is considered repaid upon return of principal plus the agreed ROI.
* These loans are typically paid off prior to the term expiration via property sale or refinance.Option 3: 100% LTC - ''Construction-To-Permanent'' Debt Financing - Development to Long Term Financing
* Development/Construction Rates are based on the LIBOR Index.
* Permanent Rates are based on the U.S. Treasury Index.
Loan Amounts: USD$1,000,000.00 to No Upper Limit
Construction Term: 1 year LIBOR plus .50% (2.72%)
Perm Options: [ ] 4.56% 2 year fixed//30 year amortization//2 year Treasury +2.50
[ ] 4.96% 5 year fixed//30 year amortization//5 year Treasury +2.50
[ ] 5.13% 10 year fixed//30 year amortization//10 year Treasury +2.50
Adjustment Caps: .25% annual, 1.25% lifetime cap over start rate
Deferment Provision: No payments during development/construction period. Payments ledger to the loan balance.
Prepayment Penalty: 12 month prepay lockout; no prepayment penalty thereafter
Personal Recourse: Not Required
Points: 2.00%
Maximum LTC: 100% of costs up to 80% of ''as completed'' value
Time to Close: Approximately 20 business days after all required documents have been received for underwriting review.
* The Debt Financing option provides fixed terms of 2, 5, or 10 years on a 30 year amortization
* The adjustment caps are .25 annual, 1.25% lifetime cap over start rateThe rates presented are accurate at this time and are not to be considered a rate lock until the Commitment To Fund is issued.
During the preliminary underwriting process, the Contingent Loan Approval with Proof of Funds to Close can be issued within business days after all requested documents have been received and passed underwriting review.
Closing costs may also be rolled into the loan to make it possible to net the total funding amount required at closing.
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Permalink Reply by Edward C. Lindsay on
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We can help with Debt/Equity- not 100%, do you have at least 10% you can put towards the development project? What is the size of your project? This program starts at 1M Minimum. If interested, give me a call after 4:00pm EST and we can talk. Thanks, Ed 240-674-7472 or 301-363-3465 Edward@JELCapital.com www.JELCapital.com
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Permalink Reply by Monte Alexander on
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My investor isn't looking for 100% equity, but is looking for an ongoing JV partner. He is going to develop multiple self-storage facilities mostly in larger cities. He is an experienced developer and has an experienced self-storage team for management. Let me know if this is something you have available. Thanks.
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We don't have anyone for JV partnering. Once he finds a partner, if he needs additional funding please contact us. Thanks
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Edward my investor has an accepted purchase agreement on an existing self storage facility. The purchase price is approx. $3.9M. He has bank debt available. He wants to put in $1.5M in equity. He can put in $200,000 and wants get the balance from another source. Can you do this? Please advise
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Monte, i can make this happen for you if still seek for funding?
Contact me with the info below so we could have time to discuss more about the deal on how best to move forward with the processing of your paper works for a quick closure.
Email: info@levelfinancellc.com
Mr Undreese Gulley
775-561-4061
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Permalink Reply by Samuel Thomas on
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Are you still looking for JV Partner funding? If so, please send me a executive summary of your project to samcthomas45@gmail.com
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