Extra Space Storage
Bridge Loan Program<\/h1>\n

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Introduced in 2019, Extra Space Storage’s Bridge Loan Program complements its ManagementPlus<\/a> 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.<\/p>\n

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HOW LONG IS THE \u201cINTEREST ONLY\u201d PERIOD?<\/p>\n<\/div>\n<\/div>\n

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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.<\/p>\n

[\/et_pb_accordion_item][et_pb_accordion_item _builder_version=”4.19.2″ title=”What are the benefits of having my property managed by Extra Space Storage?” title_tablet=”What are the benefits of having my property managed by Extra Space Storage?” title_phone=”What are the benefits of having my property managed by Extra Space Storage?” link_option_url_new_window=”off” use_background_color_gradient=”off” background_color_gradient_stops=”#2b87da 0%|#29c4a9 100%” background_color_gradient_stops_tablet=”#2b87da 0%|#29c4a9 100%” background_color_gradient_stops_phone=”#2b87da 0%|#29c4a9 100%” background_color_gradient_type=”linear” background_color_gradient_direction=”180deg” background_color_gradient_direction_tablet=”180deg” background_color_gradient_direction_phone=”180deg” background_color_gradient_direction_radial=”center” background_color_gradient_repeat=”off” background_color_gradient_unit=”%” background_color_gradient_overlays_image=”off” parallax=”off” parallax_method=”on” 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We don\u2019t differentiate between our own facilities and yours. When you partner with us, you\u2019ll get the same resources that make our properties so successful\u2014including cutting-edge digital marketing, a call center focused on customer conversions, the highest-performing platform, and much more.<\/p>\n

[\/et_pb_accordion_item][et_pb_accordion_item _builder_version=”4.19.2″ title=”Is the 80% LTV fixed, or can it vary based on certain factors?” title_tablet=”Is the 80% LTV fixed, or can it vary based on certain factors?” title_phone=”Is the 80% LTV fixed, or can it vary based on certain factors?” link_option_url_new_window=”off” use_background_color_gradient=”off” background_color_gradient_stops=”#2b87da 0%|#29c4a9 100%” background_color_gradient_stops_tablet=”#2b87da 0%|#29c4a9 100%” background_color_gradient_stops_phone=”#2b87da 0%|#29c4a9 100%” background_color_gradient_type=”linear” background_color_gradient_direction=”180deg” background_color_gradient_direction_tablet=”180deg” background_color_gradient_direction_phone=”180deg” background_color_gradient_direction_radial=”center” background_color_gradient_repeat=”off” background_color_gradient_unit=”%” background_color_gradient_overlays_image=”off” parallax=”off” parallax_method=”on” background_size=”cover” 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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.<\/p>\n

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

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