Self-Storage Mortgage Loans Canada

From stabilized facilities to expansions and conversions, self-storage underwrites on unit mix, occupancy trends, and local competition. We match the loan structure to your rent roll, rate management, and marketing plan, then bring targeted quotes that fit your timeline and risk.

Who We Serve

• Owners refinancing stabilized facilities for better terms or equity

• Investors acquiring single assets or portfolios in strong trade areas

• Sponsors expanding sites or reconfiguring unit mix to lift revenue

• Developers converting retail or industrial buildings to storage

Properties We Finance

• Climate and non-climate controlled: Single or multi-storey

• Drive-up and interior corridor: Urban infill and suburban nodes

• Conversions and expansions: Retail or industrial to storage, plus site add-ons

• Mixed-use with residential above: Where housing drives the primary value

Eligible Scenarios

• Purchase: Stabilized or near-stabilized assets sized to in-place income

• Refinance: Improve rate, extend amortization, or release equity

• Value-add and bridge: Capital for reconfigurations, kiosks, security, and lease-up

• Construction: Ground-up storage with milestone draws and clear exit

How Self-Storage Financing Is Structured

We start with occupancy, rate history, and your next two years of plans.

• Leverage: Sized to DSCR, market depth, and competitive set

• Rates and terms: Fixed or variable from 1 to 10 years with practical prepayment options

• Amortization: Typically 20 to 30 years on income properties

• Covenants: Sensible reserves and reporting that fit seasonal trends and promotions

Typical Loan Parameters and Eligibility

(Actual terms vary by asset quality, market, sponsor strength, and lender policy.)

• LTV: Often 55 to 75 percent on conventional storage

• DSCR: Commonly 1.20x to 1.35x on stabilized NOI

• Security and recourse: First mortgage standard; guarantees vary by leverage and plan

• Sponsor profile: Relevant storage or operating experience and adequate liquidity

Streamlined Documents Checklist

We stage what is needed to keep momentum.

• Property and income: Current rent roll, unit mix, occupancy and rate history, key contracts

• Reports: Appraisal, Phase I ESA, and building condition as required

• Projects: Scope and budget for expansions, conversions, or tech upgrades

• Market support: Competitor survey and traffic drivers where available

Process and Timelines

• Initial review (1 to 3 business days): Indicative sizing and lender short list

• Term sheets (3 to 10 business days): Competitive quotes matched to your goals

• Diligence and approvals (2 to 6 weeks): Appraisal, environmental, legal, and conditions

• Closing and funding: Conditions satisfied, insurance bound, security registered

Why Work With Us

• Category know-how: Financing tuned to occupancy cycles, promotions, and unit mix

• Structure first: We fit the loan to your plan, then place it with the right lender

• Breadth of capital: Banks, credit unions, alternative and private capital

• Clarity and speed: Milestones, early issue spotting, and plain language

Get Started

Message our team to talk through your goals and market. We will outline practical options for self-storage financing in Canada so you can compare terms and move forward with confidence.