MMR Realty Advisors
3701 Maywood Court
214.924.6026
Carrollton, TX 75007
| Other Loan Types |
| Hotels |
| Offices |
| Apartments |
| Industrial |
| Mobile Home Park |
| Retail |
| Self-Storage |
| Mezzanine |
| Small |
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SELF-STORAGE FACILITIES |
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| Eligible Properties: | Prefer single-story properties of concrete block construction. May consider multi-story centers with sufficient elevator service and loading dock areas, if typical in a particular market area. Require adequate security, and in regions appropriate, climate controlled units. |
| Eligible Property Locations: | Nationwide; Require visible location with good traffic flow. |
| Loan Size: | $1 Million - $15 Million; may consider up to $25 Million. |
| Debt Service Coverage: | 1.30 minimum. |
| Loan-to-Value Ratio: | Up to 75%. |
| Loan Term: | 7 or 10 years. |
| Amortization: | 20 years. |
| NOI Calculation: | Use trailing 12 months of operating results, with a minimum management fee of 6%. Require a 3% replacement reserve allocation. |