The bridge lending market continues to tighten for non stabilized self storage asset. The BSC Group recently closed a 17.5MM non-recourse bridge loan for a Colorado based sponsor. The 65% LTC, sub 6% debt yield financing was used to purchase an existing self storage facility in the NYC MSA. This provided significant funds for capital …
Today’s self-storage owners and operators face a steady stream of challenges. Customer expectations are at an all-time high. Facility managers are also under pressure to achieve new operational efficiency levels and effectiveness. There aren’t enough hours in the day to do it all — especially if the operation continues to rely on traditional security technology. …
How Upgraded Security Software Can Help Operators Overcome Operational Challenges Read More »
There are countless aspects to your business that can be outsourced. Digital marketing, human resources, IT services; the list goes on and on. Accounting is one such aspect that’s an especially valid option if you’re considering taking tasks off your overloaded plate. Accounting requires expertise, is something to consider all year long (not just …
How Outsourcing Can Help Your Self-Storage Business Grow Read More »
FLEX Partners with Michigan’s Largest Self-Storage Operator Pogoda Companies is Michigan’s largest self-storage operator and a broker. FLEX Storage Systems worked with the Pagoda Group and transformed an old hostess retail factory into a thriving indoor storage property in the heart of Detroit, Michigan. Therefore, FLEX was able to create accessible indoor storage both climate-controlled …