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Self storage bridge

Self Storage Bridge
Loans.

Short-term, interest-only financing for self storage facilities that are still filling up, recently expanded, or coming off a maturing loan. Once occupancy is stabilized, a long-term self storage loan is one way to refinance.

Get a QuoteSee typical terms
Program Snapshot
$1M
Minimum loan
$50M
Maximum loan
75%
Maximum LTV
6 to 36 mo
Term
Drive-up, climate controlled, and mixed facilities
Lease-up and recent expansions considered
Seller credits and seller financing allowed on purchases
Long-term self storage loans available to refinance
How it works

See how
self storage bridge works

A self storage facility fills up one unit at a time. A newer facility, an expansion that just added a building, or a property bought from an owner who never marketed it can take a year or more to reach stabilized occupancy. Until then, the income doesn't support a long-term loan.

A self storage bridge loan closes the purchase or pays off the current loan, and the interest-only payment keeps carrying costs down while occupancy and rental rates climb. Once the facility is stabilized, you can refinance into long-term debt. Our Self Storage DSCR loan is one option.

  • Buy an under-managed facility and fill it
  • Carry a recent expansion while the new units lease up
  • Pay off a maturing loan before occupancy supports long-term debt
Typical terms

What you can typically borrow

These are typical ranges, not a quote. Your terms depend on the facility, the equity in it, your credit, and how quickly it needs to close.

Loan Amount
$1,000,000 to $50,000,000
Maximum LTV
75%Including cash out
Loan Term
6 to 36 monthsExtensions available
Payments
Interest onlyNo principal during the term
Facility types
Drive-up, climate controlled, and mixedIncluding boat and RV storage
Occupancy
Facilities still filling up consideredBelow long-term loan minimums
Valuation
Appraisal, BPO, or neitherPhotos and video only on strong loans
Documentation
Tax returns often not required
Additional Collateral
Free and clear propertyCan be pledged to reduce cash to close
Prepayment
Usually noneMinimum interest may apply on some loans
Expansions
Recently added units consideredLease-up of the new space reviewed
Exit
Refinance or saleSelf Storage DSCR is one option
Eligible Borrowers
LLC, LP, corporation, or trustNon-recourse available on loans of $5M and up
Available in
35 statesAL, AK, AR, CO, CT, DE, FL, GA, HI, IL, IN, IA, KS, KY, LA, ME, MD, MA, MS, MO, MT, NE, NH, NM, OH, OK, PA, SC, TN, TX, VA, WA, WV, WI, WY, DC. Very rural areas within these states may be restricted.
Note: These are typical terms. Yours depend on the property, the equity in it, the exit, and how quickly it needs to close. Bridge is for non-owner-occupied property only.
Facility still filling up or a loan coming due?
Send the address, the current occupancy, and the date.
Get a Quote
The exit
Refinancing out? We have programs for that.

Once occupancy is stabilized, you can refinance the bridge with any lender. One option is our Self Storage DSCR loan.

6 to 36 mo
Bridge term to fill the facility
DSCR
Our long-term self storage loan, one refinance option
Self Storage Bridge Questions

Frequently asked

What is a self storage bridge loan?+
A short-term, interest-only loan on a self storage facility that isn't ready for long-term financing, usually because occupancy is still climbing. It's replaced by a long-term self storage loan once the facility is stabilized.
Can I get a bridge loan on a self storage facility in lease-up?+
Yes. Lease-up is the most common reason for a self storage bridge loan. The facility's location, the equity, and the occupancy trend matter more than where occupancy sits today.
Can I finance a self storage expansion?+
A bridge loan can carry the facility while newly added units lease up. Ground-up construction of the new buildings is not part of this program.
Can I buy a facility that's been poorly managed?+
Yes. Facilities with below-market rents or weak marketing often sell at a price that reflects it, and a bridge loan lets you close and raise occupancy before moving into long-term debt.
Can the seller help with my down payment or closing costs?+
Yes, on qualifying purchases. The seller can carry up to one third of your down payment, and there's no set limit on seller credits. If you plan to use either one, tell us when you send the deal and we'll build the loan around it.
Do I need an appraisal?+
Not always. Many bridge loans use a BPO instead, and some lower leverage loans need no formal valuation at all, just property photos and a video walkthrough. The value still gets checked either way.
Where does Capituro offer self storage bridge loans?+
In 35 states: Alabama, Alaska, Arkansas, Colorado, Connecticut, Delaware, Florida, Georgia, Hawaii, Illinois, Indiana, Iowa, Kansas, Kentucky, Louisiana, Maine, Maryland, Massachusetts, Mississippi, Missouri, Montana, Nebraska, New Hampshire, New Mexico, Ohio, Oklahoma, Pennsylvania, South Carolina, Tennessee, Texas, Virginia, Washington, West Virginia, Wisconsin, and Wyoming. Very rural areas within these states may be restricted. Send the address and we'll confirm whether your property fits.
Other property types

Other bridge types

All bridge loans
Two-story garden-style apartment building with exterior renovation underway on one wing
Multifamily

Apartment buildings in lease-up, value add, or coming off a maturing loan.

Two-story suburban office building with a glass entrance and surface parking
Office

Medical, professional, and multi-tenant office with a loan coming due or space to fill.

Neighborhood strip center with several storefronts and a few empty suites
Retail

Strip centers and standalone retail between tenants or coming off a maturing loan.

Single-story warehouse building with loading docks and an empty truck court
Warehouse

Vacant or partially leased warehouse, flex, and light industrial.

Three-story brick mixed use building with storefronts below and apartments above
Mixed use

Buildings with vacant commercial space below or residential still leasing.

Two-story garden-style apartment buildings under a clear sky
Bridge Loans

The Speed Bridge program, every property type and situation.

Get Started

Self storage facility still filling up? Let's look at the bridge.

Send the address, the current occupancy, and when it needs to close. Planning to use seller credits or seller financing? Mention it and we'll build the loan around it.

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