Extra Space Storage
Bridge Loan Program
Launched in 2019, Extra Space Storage’s Bridge Loan Program complements its ManagementPlus solution by providing short-term loans to current and prospective third-party management partners on existing properties, regardless of property occupancy. The program lends up to 80% of the property’s value, allowing self storage owners and operators to retire a construction loan, recoup equity, or pay off capital partners.
Recently Approved Loans
Extra Space Storage has seen incredible success with its Bridge Loan Program in 2020. Even amidst the uncertainty of COVID-19, we closed more than $220 million in bridge loans for storage facility owners and operators across the nation.
Here are a few of our recently approved loans:
$6,785,000
Tallahassee, FL
$17,250,000
Northern, NJ
$9,600,000
Chicago, IL
$12,400,000
Rockville, MD
$19,300,00
Los Angeles, CA
$12,700,000
Jackson, MS
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
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 Irena Edwards, Extra Space Storage’s Vice President of Bridge Lending, at iedwards@extraspace.com.