Searching for funding to acquire multiple remote self storage facilities

August 20, 2022

by a searcher from Grand Valley State University in White House, TN, USA

I served four years in the Army as an NCO including a deployment to Afghanistan. After my ETS, I earned my PharmD. I currently work as a clinical pharmacist at a VA in Tennessee. Although it is an honor to be a part of my fellow veterans' healthcare team, my goal is to transition out of my 9-5 and gain more independence through small business ownership.

I'm looking for funding to acquire a small business. Ideally, I would like own and operate at least three smaller remote self storage facilities in Tennessee, Kentucky, Indiana, Michigan, or North Carolina within the next few years. Message me if you would like to discuss more. I appreciate you taking the time to read this post.

Reply by a lender
from Eastern Illinois University in 900 E Diehl Rd, Naperville, IL 60563, USA

Hello Kate. Thank you so much for your service. We are a Commercial Loan Brokerage shop with over 350 funding partners. We do a substantial amount of business acquisition financing and have funded quite a few self-storage facilities and understand that business well. I would be more than happy to jump on a call with you and go through all of the various options that exist for financing such an acquisition(s). You can reach me at any time at redacted Thank you.

Reply by a searcher
from Rutgers in Philadelphia, PA, USA

Hi Kate, given your background, have you looked at acquiring independent pharmacies? There's a lot of people doing rollups in self-storage these days but a lot less people have the credentials to acquire a pharmacy operation. Could be an interesting angle given your existing license and they're typically within SBA 7a price range.

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