{"id":1004093164,"date":"2014-03-23T20:57:03","date_gmt":"2014-03-24T04:57:03","guid":{"rendered":"https:\/\/synd.yardi.com\/?p=246946"},"modified":"2022-12-08T23:00:55","modified_gmt":"2022-12-09T07:00:55","slug":"titan-bank-announces-the-acquisition-of-its-third-self-storage-property-through-funding-loan","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/titan-bank-announces-the-acquisition-of-its-third-self-storage-property-through-funding-loan\/","title":{"rendered":"Titan Bank Announces the Acquisition of Its Third Self Storage Property through Funding Loan"},"content":{"rendered":"<p style=\"text-align: justify\"><em>By Anca Gagiuc, Associate Editor<\/em><\/p>\n<p style=\"text-align: justify\">Titan Bank, NA announced the acquisition of a 342 unit Self Storage property in Austin through the funding of a $985,000 loan, marking its third Self Storage property. With this transaction they now own and manage approximately 1,000 self-storage units.<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"alignleft size-medium wp-image-246947\" title=\"Titan Bank self storage Austin\" src=\"https:\/\/synd.yardi.com\/wp-content\/uploads\/sites\/46\/2014\/03\/Titan-Bank-self-storage-Austin.jpg\" alt=\"\" width=\"300\" height=\"200\"><\/p>\n<p style=\"text-align: justify\">Titan is engaged in this asset class, continuously looking to develop referral relationships across the country within the category, as well as all \u201cowner user\u201d types of commercial real estate. It offers 7 to 10 business day credit decisions, provides loan proposals within 24 hours of receiving the requisite information, and an expedited closing process.<\/p>\n<p style=\"text-align: justify\">\u201cTitan Bank provided the long term financing for the purchase of this facility by a seasoned owner operating of self-storage properties. &nbsp;This acquisition added 342 units and 45,775 square feet of storage space to the borrowers business. &nbsp;The borrowers secured a SBA 7A loan which is a fully amortizing, 25 year term loan, that gives them the flexibility of a lower payment compared with a standard conventional loan. &nbsp;With this lower payment, the borrowers will have the ability to complete some additional improvements they have planned for the property in the near term,\u201d says Pete O\u2019Hern, senior vice president of Titan Bank.<\/p>\n<p style=\"text-align: justify\">Through this funding loan Titan extends its lead in the SBA, USDA, and small business lending sector. Recently, Titan Bank was awarded by the U.S. Government Small Business Administration the Rising Star Award, which recognizes it as one of the few remaining chartered banks with primary focus on loans to small companies.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Titan Bank, NA announced the acquisition of a 342 unit Self Storage property in Austin through the funding of a $985,000 loan, marking its third Self Storage property. With this transaction they now own and manage approximately 1,000 self-storage units.<\/p>\n","protected":false},"author":1305,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[1578,21742],"tags":[39411,1815],"class_list":["post-1004093164","post","type-post","status-publish","format-standard","hentry","category-austin","category-latest","tag-austin","tag-national"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v28.0 (Yoast SEO v28.0) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Titan Bank Announces the Acquisition of Its Third Self Storage Property through Funding Loan - Commercial Property Executive<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.commercialsearch.com\/news\/titan-bank-announces-the-acquisition-of-its-third-self-storage-property-through-funding-loan\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Titan Bank Announces the Acquisition of Its Third Self Storage Property through Funding Loan\" \/>\n<meta property=\"og:description\" content=\"Titan Bank, NA announced the acquisition of a 342 unit Self Storage property in Austin through the funding of a $985,000 loan, marking its third Self Storage property. With this transaction they now own and manage approximately 1,000 self-storage units.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/titan-bank-announces-the-acquisition-of-its-third-self-storage-property-through-funding-loan\/\" \/>\n<meta property=\"og:site_name\" content=\"Commercial Property Executive\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/CPExecutive\" \/>\n<meta property=\"article:published_time\" content=\"2014-03-24T04:57:03+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-12-09T07:00:55+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/synd.yardi.com\/wp-content\/uploads\/sites\/46\/2014\/03\/Titan-Bank-self-storage-Austin.jpg\" \/>\n<meta name=\"author\" content=\"the Editors of CPE &amp; MHN\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@cpexecutive\" \/>\n<meta name=\"twitter:site\" content=\"@cpexecutive\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/titan-bank-announces-the-acquisition-of-its-third-self-storage-property-through-funding-loan\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/titan-bank-announces-the-acquisition-of-its-third-self-storage-property-through-funding-loan\\\/\"},\"author\":{\"name\":\"the Editors of CPE &amp; 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