GE Capital Real Estate To Offer Storage Network Advantage Members Up To 75%, Non-recourse Loans
Storage Network Advantage, LLC (SNA) and GE Capital Real Estate are teaming up to provide better financing solutions to self-storage owners. The new alliance will provide SNA members with access of up to 75%, non-recourse financing through GE Capital Real Estate loan programs.
“We’re excited about this arrangement with GE Capital Real Estate and we’re confident in the benefits of their product suite,” said Drew Hoeven, Principal at Storage Network Advantage and Westport Properties, Inc. (WPI). “The GE Capital Real Estate team continually thinks outside the box to create value for customers.”
“We’re pleased to offer highly effective financing solutions tailored to the storage industry’s operational needs,” said Tim Campbell, Western Regional Director, GE Capital Real Estate. “We closed over $200 million in self-storage loans in 2011 and are seeking additional opportunities for 2012.”
“We are looking forward to working with GE Capital Real Estate as not just a financial services provider, but as a trusted ally,” explained Charles Byerly, President and CEO of Westport Properties and US Storage Centers. “Over the years, we’ve continued to work with GE Capital Real Estate to obtain financing for our own storage facilities and have found them to be creative, competitive and easy to work with.”
For more information, please visit www.StorageNetworkAdvantage.com or call 1-800-615-7153.
Storage Network Advantage, LLC
Storage Network Advantage launched in September of 2010 to leverage buying power for small and midsized self storage operators around the country. SNA currently has over 800 members and 24 vendors. The network is run by owners, for owners. SNA differs from other buying groups as WPI utilizes every vendor partner for our daily operations.