JLL arranges $15.5M construction financing for self-storage development in Bend, Oregon

SAN FRANCISCO, Apr. 30, 2026 - JLL Capital Markets announced today it has arranged $15.534 million in construction financing for Badger Road, Bend Self Storage, a ground-up self-storage facility located at 20130 Badger Rd. in Bend, Oregon.

JLL worked on behalf of the borrower, Signal Ventures, to secure the loan through Live Oak Bank.

The shovel-ready development will deliver 118,800 gross square feet encompassing 92,584 net rentable square feet across 877 climate-controlled units on a strategically positioned 1.87-acre site.

The property enjoys prime visibility along US Route 97, Bend's primary north-south thoroughfare and the busiest road in the city with an average daily traffic count of 24,826 vehicles. The site is fully entitled for self-storage with all necessary permits secured, positioning it as a turnkey development opportunity within a densely populated and affluent residential corridor.

Approximately 60,000 residents live within three miles of the property, with an average household income of $124,000. Additionally, the location benefits from immediate adjacency to major national retailers, including a Walmart that generates more than 2.4 million annual visitors and ranks among the highest-performing locations in Oregon.

The Bend market has experienced remarkable population growth of 91 percent since 2000, establishing itself as one of the fastest-growing cities in the United States and a premier destination for remote workers and lifestyle migrants. The self-storage sector in Central Oregon has demonstrated consistent strength with occupancy rates ranging from 91 to 95 percent.

The JLL Capital Markets team was led by Directors Jonah Aelyon, Taylor Gimian and John Williamson. The transaction follows JLL's National Self Storage team's facilitation of the site sale, led by Senior Managing Director Brian Somoza and Vice President Adam Roosien.

"Badger Road, Bend Self Storage represents an exceptional opportunity to deliver a modern, climate-controlled storage product in a market characterized by explosive population growth," said Aelyon. "Signal Ventures demonstrated impressive foresight in securing this shovel-ready site with prime highway visibility, and this development is strategically positioned to achieve stabilization rapidly while benefiting from Bend's continuing transformation into a year-round recreation and lifestyle destination. We are looking forward to helping them capitalize their next two projects in the state of Oregon."

"This financing is a significant milestone for Signal Ventures," added Jason Adams, Founder of Signal Ventures. "JLL's contribution went well beyond arranging the loan. The team's knowledge of Central Oregon's self-storage dynamics and their confidence in what we're building at Badger Road made JLL an invaluable ally in the process. We're looking forward to continuing that relationship as we move into our next projects in the state."

JLL's Capital Markets group is a full-service global provider of capital solutions for real estate investors and occupiers. The group's in-depth local market and global investor knowledge delivers the best-in-class solutions for clients, including investment sales and advisory, debt advisory, M&A and corporate finance, loan sales, equity & fund placement, net lease, derivative advisory and energy & infrastructure advisory. The group has more than 3,000 Capital Markets specialists worldwide with offices in nearly 50 countries.

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