Self Storage Bridge Loan Program | Extra Space Storage

Extra Space Storage
Bridge Loan Program

Introduced in 2019, Extra Space Storage’s Bridge Loan Program complements its ManagementPlus solution. This program caters to a range of partners, spanning from small operators to large funds. It offers short-term loans to both existing and potential third-party management partners, covering properties in any occupancy state. Our bridge loan program benefits self-storage owners that require both physical and economic stabilization. With the capacity to lend up to 80% of a property’s value, this program empowers owners to efficiently retire construction loans, unlock increased equity, or settle obligations with capital partners, all while realizing value creation through a non-taxable event.

Recently Closed Loans

Today, Extra Space Storage continues to achieve remarkable success through its Bridge Loan Program. Throughout 2020, even in the face of COVID-19’s uncertainties, we successfully finalized over $220 million in bridge loans for storage facility owners and operators nationwide.

Here are a few of our recently closed loans:

1,005 UNITS




1,167 UNITS

Extra Space Storage Bridge Loan Terms

  • Interest Only
  • Non-Recourse
  • Property to be managed by Extra Space Storage
  • Up to 80% LTV (regardless of cost)
  • No Construction Loans




Senior Director, Bridge Loans

Dylan Taylor is currently the Sr. Director of Investments & Lending for Extra Space Storage. Dylan joined Extra Space in 2015 on the 3rd Party Management team initially assisting large partners with the asset management of their portfolios. He subsequently moved to a role focused on growing the management platform where he worked with external partners in assessing markets, underwriting existing and new development properties, and structuring and negotiating agreements. Along the way, he gained experience in joint ventures, bridge lending, and remote management stores. Before Extra Space, Dylan worked in the multifamily industry as a General Manager, in the hospitality industry as an Assistant General Manager, and in the ski industry.

Dylan graduated from Utah State University with a bachelor’s in public relations and a minor in Japanese. He currently lives in Salt Lake City with his beautiful wife, two children, a dog, a cat, and most recently a fish. He spends his free time outdoors mountain biking, boating, snowboarding, riding dirt bikes, and generally taking advantage of the natural beauty Utah has to offer.




What is a "Non-Recourse" loan?

A Non-Recourse loan is a type of loan where the borrower is not personally liable for repaying the loan. In the event of default, the lender’s recourse is limited to the collateral (property) itself, and they cannot pursue the borrower’s personal assets.

What are the benefits of having my property managed by Extra Space Storage?

We don’t differentiate between our own facilities and yours. When you partner with us, you’ll get the same resources that make our properties so successful—including cutting-edge digital marketing, a call center focused on customer conversions, the highest-performing platform, and much more.

Is the 80% LTV fixed, or can it vary based on certain factors?

The loans are designed to offer up to 80% LTV, but the actual percentage could depend on factors like the property’s location, condition, and market conditions.

What is meant by "No Construction Loans"?

These bridge loans are geared towards existing properties, allowing you to acquire or stabilize a property without the complexities of funding construction projects.

Looking for More Information on the Extra Space Storage Bridge Loan Program?

Fill out the form below, and a member of our team will contact you with more details around our program. You can also contact Dylan Taylor, Extra Space Storage’s Sr. Director of Bridge Lending at

The Extra Space Bridge Loan program has been an attractive tool in the way that we finance acquisitions and construction projects. It has helped our company to responsibly grow our self-storage portfolio. The construction loan takeout at certificate of occupancy and nonrecourse aspects of the program are especially attractive to our partners and our construction lenders. We look forward to doing many more loans with Extra Space!

Gordo Kolb & Tom Connolly – G.H.K Developments, Inc.

As a leader in our space, it makes sense that they [Extra Space Storage] are now leading yet again in trying to provide a fuller suite of services to their third-party management clients by adding a bridge loan program. After we did an exhaustive and extensive search for debt last year when the debt markets had dried up after Covid, we realized that the best program to suite our needs was actually right in our backyard with our good friends at Extra Space! Importantly, they provided financing to us before it was completely clear that self-storage was going to perform as well as it has during and after the Covid-19 pandemic. They showed their loyalty and trust and commitment to Merit Hill Capital and delivered as terrific partners to us yet again and provided the best terms we could find during that time period on some of our more transition assets that had a larger value add component than most of our deals. Irena and the Extra Space debt team have been terrific extensions of our overall deal team in many ways and have helped close over $90mm of loan volume to date in an extremely responsive, knowledgeable, and organized manner. We have thoroughly enjoyed working with their team and are excited to continue to grow and build upon the over decades-long partnership!!

Liz Raun Schlesinger, Founder & CEO, Merit Hill Capital

My experience with ESS has been beyond excellent since day one! My first interaction with ESS was with the management team when my company was seeking a third-party manager with national name recognition. Of course, ESS was a top choice to consider, but, once engaged, quickly exceeded all of our expectations. Now, with the ESS bridge loan platform, I have significantly deepened our relationship and am glad to have done so. Our first funding transaction with the ESS finance team was smooth, clean and straightforward. We had no surprises and had a simple ease of execution. As an owner, one of the most important aspects to a transaction is closing with a lender who honors their commitments and keeps costs and timelines within budget. We received all of this with ESS. Thank you Irena and Molly for all of your efforts! We look forward to the next one!

Mitchell Feldman, President, The Feldman Companies


(855) 234-6922


(855) 234-6922