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Commercial DSCR

Self Storage
DSCR Loans.

Buy, refinance, or take cash out of a stabilized self storage facility. Occupancy, rent per square foot, and the extra income from truck rentals, insurance, and fees all count toward the loan.

Get a QuoteSee typical terms
Typical terms
$500K
Min loan
$10M+
Max loan
75%
Maximum LTV
30 yr
Loans available
0.9 DSCR from $500K to $3M, so you can often borrow more
Purchase, refinance, and cash out
Climate controlled, drive-up, and outdoor storage
How it works

See how
Self storage DSCR works

Self storage DSCR covers stabilized storage facilities with consistent occupancy and rental income. Storage income comes from hundreds of small tenants on month-to-month leases, so no single move-out moves the needle. That's what makes a well-located facility one of the steadiest commercial properties to finance.

The loan looks at physical and economic occupancy, rents by unit type, and the facility's ancillary income from truck rentals, tenant insurance, and fees. The mix of climate-controlled, drive-up, and outdoor parking units matters, and so does how the facility is managed. Terms typically run 5 to 30 years, with 30 year loans available, and maximum LTV is typically 75%.

  • Purchase a stabilized self storage facility
  • Refinance storage debt, including a maturing bank loan
  • Take cash out typically up to 75% LTV on a facility you already own
See what you can typically borrow.
Share the address. We will confirm the fit and send back typical terms.
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Typical terms

Self storage DSCR terms

These are typical commercial DSCR terms for this property type. Your quote depends on the building.

Loan Amount
$500,000 to $10,000,000+Stabilized self storage facilities
Loan purpose
Purchase, rate-and-term, cash outYou can buy, refinance, or take cash out
Maximum LTV
75%Including purchase, refinance, and cash out
Loan Term
5 to 30 yearFor qualifying loans
Minimum DSCR
0.9From $500K to $3M. 1.25x on $3M+.
Min DSCR on loans of $3M+
1.25xWhen the loan is $3M or more, rent has to cover at least 125% of the payment.
Occupancy
Physical and economic occupancy reviewed
Paperwork
No tax returns, in many casesWe qualify on the building, not your personal income
Property Seasoning
As low as 1 dayNo 6 month wait on most cash out loans
Income
Unit rents plus ancillary incomeTruck rental, tenant insurance, and fees
Prepay
Step downShorter terms with origination adjustment
Unit mix
Climate controlled, drive-up, and outdoor parking
Management
Third party or owner managed
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.

Larger stabilized building? Interest-only and non-recourse terms are available from $2M on Interest-Only Commercial Loans.

Want a number on a specific building?
These are typical ranges. Send the address and we will send back terms on your deal.
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Common questions

Self storage DSCR FAQ

Do self storage DSCR loans require tax returns?+
In many cases no. The loan is based on the facility's income, not your personal tax returns.
What occupancy do I need on a self storage loan?+
A stabilized facility with steady occupancy is the fit. Both physical occupancy (units rented) and economic occupancy (rent actually collected) are reviewed.
Does ancillary income count?+
Yes. Income from truck rentals, tenant insurance, late fees, and retail sales counts when it's consistent and shows up in the operating history.
Can I finance a facility that's still leasing up?+
This loan is for stabilized facilities. A facility in lease-up or an expansion that hasn't filled may need a bridge loan first.
Is outdoor boat and RV storage eligible?+
Yes, as part of a facility. Facilities that are mostly outdoor parking are considered case by case.
Do I need a professional management company?+
No. Owner-managed facilities are considered, especially with a solid operating history. A professional manager can help on larger facilities.
My facility is still filling up. What are my options?+
A bridge loan can carry the facility through lease-up, then refinance into Self Storage DSCR once it's stabilized. See Self Storage Bridge Loans.
Where does Capituro offer self storage DSCR 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, plus Washington, DC. Very rural areas within these states may be restricted. Send the address and we will confirm whether your market and building fit.
Other property types

Other commercial DSCR types

All commercial DSCR
Multi-tenant strip center with storefronts and parking.
Retail

Strip centers, standalone retail, and neighborhood commercial with tenant income.

Two-story professional office building with trees along the street.
Office

Medical office, professional, and multi tenant office with stabilized leases.

Single-story warehouse with loading docks and a truck court
Warehouse

Warehouse, flex, and light industrial with business or logistics tenants.

Single-story childcare center with a fenced playground
Daycare

Childcare and daycare buildings with a lease or operating income.

Mid-rise apartment buildings over ground-floor retail along a city street.
Mixed use

Retail or office below with residential above, and other blended income buildings.

Single-story residential assisted living home with a wheelchair ramp and garden
Assisted living

Stabilized residential assisted living assets.

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