Category: Sponsored

Safeguard Self Storage is excited to announce the opening of its newest facility in the lively Ludlow section of Yonkers. Safeguard welcomed the public on October 25, 2023, showcasing its dedication to excellence and commitment to serving the Yonkers community and its neighbors. Ken Finlay, chief operating officer at Safeguard Self Storage, expressed his enthusiasm, “This is a beautiful facility that is truly extraordinary. It stands as a testament to our commitment to providing top-notch storage solutions to the communities we serve.” Stan Bonilla, senior vice president of development at…

For the last several months the industry has been abuzz about the uncertainty in the real estate markets. In this high-stakes game of musical chairs, NOW is the time to find a chair before the music stops, bringing to an end high real estate prices and available financing. This is the time for serious analysis of your personal objectives and options because the real estate and credit markets are likely to severely limit your options and outcomes. By most measures, the self-storage rental business is reasonably steady, but not as…

JLL Capital Markets led the financing efforts for 305 Wilson Avenue, a to-be-built, 1,332-unit self-storage facility in the Ironbound District of Newark, New Jersey” JLL Capital Markets announced that it has arranged $19 million in construction financing for 305 Wilson Avenue, a 1,332-unit self-storage development in Newark, New Jersey. JLL worked on behalf of the borrower, a joint venture between CrownPoint Group and Lamar Companies, to secure the construction loan through Provident Bank. 305 Wilson Avenue, which formerly housed an auto salvage facility, will be a newly constructed, six-story self-storage…

  Having a spooky yard this time of year is great. But a spooky self-storage facility, not so much. If the upkeep of your self-storage facility is giving you more tricks than treats, Janus R3> and the Nokē Smart Entry system have the solutions to transform your facility from underperforming to thriving.” Having a spooky yard this time of year is one of the things that makes the Halloween season so much fun. Having a spooky self-storage facility, however, is not something to aspire to. And we’re not talking 12-foot…

Price of Land? No! We have had multiple franchise owners find land for what I would consider half our price goal. We are seeing more and more lowball offers getting accepted. Even if you saved $500,000 on the land cost that is around $3,000 interest a month saved when financed. But certainly not enough to make or break a site. And certainly, no reason to pay less for an inferior location. Loan Interest rate? No! I built my first self storage in 2008 with an 8.5 percent interest rate. Was…

Janus International Group, Inc (NYSE: JBI) (“Janus”), a leading provider of cutting-edge access control technologies and building product solutions for the self-storage, commercial, and industrial sectors, today announced the complete backend migration of Nokē to Amazon Web Services, Inc. (AWS). This successful migration allows Nokē to continue to lead digital innovation by leveraging AWS’s leading industrial Internet of Things (IoT), artificial intelligence, and security capabilities. Running on AWS, Nokē has increased its availability and global reach, enabled real-time over-the-air device management, and improved the owner-operator and end-user experience through latency…

Storage Exchange announced the closing of three self-storage transactions in Q3 of 2023, comprising of over 218,000 NRSF. These properties are located in South Dakota and Texas. 1. Simply Stor-It: Located in Mitchell, SD, this property contains 109,410 rentable square feet, including 25,995 square feet of climate-controlled units. Caroline Holliday, Associate, & Hunter Molnar, Managing Director, for Storage Exchange, facilitated the sale on behalf of the seller. 2. All Around Storage: This 94,292 sq. ft. facility is located in Athens, TX and is well-leased at 100% physical occupancy. The seller…

Changes to SBA Rulebook Summary of Key Changes: Key Improvement Prior to August 1, 2023 As of August 1, 2023 SBA Eligibility Determination 7(a) & 504 Lenders were responsible for determining program eligibility under delegated authority; SBA could repair or deny a guaranty purchase request for eligibility SBA was responsible for determining eligibility for non-delegated loans SBA is responsible for determining eligibility for all loans based on ETRAN data submissions, and SBA will not repair or deny a guaranty purchase request for eligibility if SBA determined the borrower eligible Affiliation…

Walking into a facility equipped with StoreEase’s technology was like stepping into the future of our industry,” said Beau Agnello Chief Operating Officer at Go Store It. “We’re not just following industry trends; we’re setting them. This isn’t a replacement for personalized service – it’s an upgrade.” StoreEase announces a strategic partnership with top operator Go Store It to implement its Virtual Technology Platform as a SaaS / white label solution. The initial rollout will consist of 11 properties in North Carolina and South Carolina. Go Store It will deploy…

The debt markets have changed significantly since the Fed began raising interest rates in early 2022. As a mortgage broker, I’ve seen deals repriced, paused and/or die as a result. Still, we continue to close loans by embracing a strategic perspective that fits the current environment. The best financing execution is one that focuses on future goals and what can be controlled by the borrower. A case study will help illustrate this. We recently closed a loan fitting the following profile: Strong historical cash flow Low leverage Tertiary market The…