Commercial lending is a mess. Interest rates are up, deals aren’t getting done, and banks are becoming very selective with who they lend money to. And whether you’re a beginner or a veteran investor, you’re feeling the sting of struggling to find the money to make your next deal happen.

But what if we told you it wasn’t impossible to find funding even in 2024’s tough real estate market? What if you knew exactly what a bank wanted BEFORE you brought them your deal? How easy would funding be then?

In today’s show, we brought on Vice President of Capital Markets at Cedar Creek Capital, Ben Benditson, to share what investors NEED to know about today’s interest rates, predictions for 2024, and how to get a loan on your next self storage deal, even when everyone else is telling you it’s impossible.

What you’ll learn in today’s show:

- How rising interest rates destroyed demand and occupancy for many self storage operators

- “Semi-black swan” events that changed the real estate market forever

- What lenders want to see from you NOW to lend on your next deal

- DSCR explained, and the one metric banks NEED to see

- Alternative commercial lending products that’ll help you get a deal done WITHOUT the banks

Make self storage management easier than EVER with our podcast sponsor Tenant Inc. - https://www.tenantinc.com/

Ready to buy storage? Have your deals personally evaluated by AJ and our team!

https://www.selfstorageincome.com/feasibility

Take advantage of today’s market conditions and invest with us:

https://cedar.cc/invest

226. High Cost of Commercial Lending: What it means for Self Storage

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