Private Lender for Self-Storage Operators

It can. We value the storage property as it stands, so 55% occupancy affects the valuation and the amount rather than whether we lend. The exit is the bank's refinance once occupancy reaches 80%. Bring the monthly occupancy since opening, so we can set the term to cover the time that is likely to take.

We need to learn your scenario further. Our in-house valuers assess the storage property as it stands, including its current use and occupancy, and we will tell you early what figure we are working from. Send the occupancy history and the bank's valuation.

Yes. A tax debt on its own is not a reason we decline. The loan funds are paid to the company, which pays the ATO, within the 70% limit on the facility property. Whether to object to the audit, and how paying first affects that, is a question for your accountant.

• →Urgent ATO debt loans

Yes. Completed strata storage units are finished real property on their own titles, so the 40 unsold units can secure the loan, up to 70% of their value. The sale of the units is the exit, so bring the sales so far and the prices you expect for the rest.

• →Residual stock loans

It can. We value the storage site property on its current use, not on what it could be worth after a rezoning, and the term can run up to 24 months. Because a rezoning decision is not certain, the exit needs a second option behind the developer's offer, such as a refinance or a sale to another buyer on the current zoning.

• →Land for rezoning loans

Yes. We lend a single amount at settlement, so the fit-out budget is paid to your company in one sum, secured by the storage facility property within the 70% limit. The usual exit is a refinance once the converted units are let, or the sale of another property.

Yes. Together the three are worth $6,300,000, and 70% of that is $4,410,000, which covers the $3,500,000 price before the fourth facility is counted. The fourth facility can be added as security too, which reduces how much is secured by the other three. The usual exit is a refinance across all four once the purchase has settled.

We need to learn your scenario further. Our security is a first or second mortgage over real property, and a long ground lease is something we assess case by case rather than accept as standard. Where the lease does not fit, a director's home or another property the company owns can secure the loan instead.

Yes. On a purchase we lend up to 70% of the lower of the price and our valuation, so at $3,900,000 that is up to $2,730,000 secured by the building property itself. The balance and the purchase costs come from your own funds or another property added as security. We decide in hours, so you can give the landlord an answer well inside the three weeks.

• →Urgent loans to buy industrial property

Yes. The trustee company is the borrower, and the storage facility property held in the trust secures the loan within the 70% limit. Ask the trust's lawyer to confirm the trust deed allows the trustee to borrow and grant a mortgage for this purpose. The usual exit is a refinance or new investors taking up the units.

No. We take a first or second mortgage over the storage site property the company owns, or over a director's home or investment property. The loan can still pay for containers and a fit-out.

Yes. We assess the storage site property and how the loan will be repaid, so occupancy that is still building does not rule the loan out. It affects the valuation and the refinance, which is why we ask for the occupancy figures and your plan to repay us.

No. We lend a single amount at settlement and do not fund staged construction or progress payments to a builder. We can fund the purchase of the property and a fit-out paid as one amount, as long as the total stays within 70% of the property value.

Yes, where the conversion is a fit-out that can be paid as one amount at settlement. We fund the purchase of the industrial property and the fit-out budget together, within 70% of the property value. Council approval for the change of use is something your planner or solicitor confirms.

Where the company leases its site, the security is usually a director's home or investment property, or another property held by the company. The loan is still made to the company, and the total must stay within a 70% loan-to-value ratio across all mortgages.

We lend from $250,000, with larger loans assessed case by case, up to a 70% loan-to-value ratio across all mortgages over the property. Terms run from 1 to 24 months, and most borrowers use the loan for 3 to 6 months while the refinance or sale completes. Rates start from 9.7% p.a. on a first mortgage and 11.95% p.a. on a second mortgage.

We make a decision in hours, and settlement within 24 hours is possible on a complete file with clear title and a defined exit. Our valuers are in house, so the timeline depends mostly on how quickly the contract, the occupancy figures and the title details reach us.