Self-Storage Construction – Development

Southeast, US


Funding Purpose

Tauro Capital Advisors helped expand a self-storage development company by placing a construction loan for the development of 155 self-storage units in the Southeast U.S.

Property Description

The site is located near a major thoroughfare providing access to major urban areas.


The sponsors are two experienced self-storage developers and operators with over 30 years of experience in building and general contracting.


  • Closing timeline extended based on lender confusion with property type
  • Lender uncertain about self-storage risks


  • Tauro sourced a cost consultant to get a fair appraisal for desired loan amount and terms
  • Tauro analysts researched the market to find proforma rents are more than attainable with a growing interest in the product type post-Covid


  • Loan-to-Value: 70%
  • Interest Rate: UST3Y + 2.56% Fixed
  • Amortization: 25 Years
  • Term: 7 Years
  • Interest Only: 24 Months

Director  | Capital Advisor