These days, getting approved for a good loan is tough. The collapse of the residential sub-prime market has affected all branches of lending from commercial mortgage-backed securities to commercial user loans.

Sound grim? Well, there's great news to report from Premises. Now getting a loan for a Premises Personal Warehouse is easier than ever with our new Owner Carry Financing, making it the best time ever to get more space for less money.

In today's sinking mortgage market, some lenders have stopped lending altogether. Others have dramatically increased their underwriting criteria, are requiring larger down payments or are charging high interest rates. But unlike these lenders, the Owner Carry Financing program from Premises has made obtaining a loan easy and affordable.

How? With record cuts in the Prime Rate our cost of funds has dropped substantially. This enables us to leverage our track record and lending power to offer lower rates and better terms for our customers.

With only 10% down and minimal closing costs buyers can now get a starting interest rate of 5.25% with interest only for up to three years. The low rate and interest only feature cuts payments by 50% over traditional bank terms.  For example a $120,000 bank loan at 7.25% on a 15 year amortization is $1,095 per month.  Owner Carry Financing is only $525 per month -- 50% less expensive. 

So upgrade your storage situation -- whether you're clearing out that garage, moving your RV or toys from outdoor lots, getting out of those mini storage units or just getting organized.  Owning a Premises Personal Warehouse has never been more affordable. 

To learn more, contact Premises Personal Warehouse today.