My firm is an assets holding company with large self-storage facility holdings in the Northwest. We are expanding our presence throughout the West and were seeking financing to purchase a large facility in Washington. The deal needed to come together quickly. We shopped all the local banks and couldn't get anyone to move on the project. We brought in The BSC Group, and within one week we had a viable option with a lender that fit our needs and accepted our terms.
We had no experience with CMBS loans, so they spent a lot of time educating us on the front end. That was incredibly helpful and showed us that they really care about their clients.
What impressed me most is they provided us options with our assets beyond merely financing. By steering us toward CMBS, they helped us create a way to be more competitive with our asset in the future. We can hedge against high cap rates and protect the value of the asset because it's an assumable loan.
I would tell anyone in the self-storage industry to send every opportunity you have to The BSC Group for review. Let them give you feedback and tell you if there's a better option. I trust them as a sounding board and value their generosity as educators.
The BSC Group has been voted Best of Business - Finance for six years running by the readers of Inside Self-Storage.