Ohio Truck Parking Financing: Loans on Operating Truck Yards

Truck Parking Loans Across Ohio

Ohio is within a day's drive of most of the US population, which is why I-70, I-71, I-75, and the I-80 and I-90 Turnpike corridor are packed with distribution centers and the trucks that serve them. Columbus in particular has become one of the largest logistics hubs in the Midwest, and its truck parking supply has not kept up.

We are a direct private lender, not a broker, and truck parking is a property type we fund on purpose through our outdoor storage financing program. A bank sends a Ohio truck yard to an appraiser, the appraiser cannot find comparable sales for a fenced gravel lot, and the file dies in committee. We underwrite from what you paid, the zoning, and the rent you can document, and one person makes the decision.

Ohio Markets We Lend In

• Columbus and Rickenbacker: Franklin, Pickaway, Fairfield, Licking, and Madison Counties. The Rickenbacker inland port and intermodal terminal, the I-70 and I-270 warehouse belt, and the Licking County growth corridor generate steady monthly demand.
• Cincinnati and Dayton: Hamilton, Butler, Warren, and Montgomery Counties on I-75 and I-71, with the CVG air cargo hub just across the river driving trucking activity.
• Toledo: Lucas and Wood Counties at the I-75 and I-80/90 crossing, a major stopping point for east west freight.
• Cleveland and Akron: Cuyahoga, Summit, Lorain, and Medina Counties on I-71, I-77, I-80, and I-90.
• I-70 and I-71 corridors: Clark, Greene, Morrow, and Delaware Counties, where rural exits near distribution centers make good monthly lot sites.

Those are the markets where we see the most deals. We lend on truck yards anywhere in Ohio with legal access and by right zoning.

What Qualifies

• Monthly truck parking lots, daily and overnight yards, and mixed truck and trailer yards. Operating yards get the most leverage; start ups with by right zoning qualify at a lower loan amount, with more once the yard is cash flowing.
• Converted sites with a prior truck use: former freight terminals, trucking company yards, towing yards, and contractor yards.
• Purchases, refinances, and cash out refinances. Business purpose, entity borrower, personal guaranty.
• Truck parking permitted by right, confirmed in writing by the county or city, or a clean path to that letter as a closing condition.
• Legal access, outside the floodplain and wetlands, and a clean site history or a clean Phase I environmental report.

What We Do Not Fund

• The build itself. We fund the property purchase, not fencing, gravel, lighting, or site work.
• Yards that depend on a conditional use permit, a variance, or a grandfathered use.
• Sites in a FEMA flood zone or wetlands, or with no legal access.
• Former junkyards, fuel stops, or repair shops without a clean Phase I.
• Loans above 65% of value, for any reason.

How Ohio Deals Close

Ohio is a judicial foreclosure state, which means a default runs through the court and takes longer than in a power of sale state. That is why we care more about access, resale, and documented income here, not less. Closings run through a title agency. Ohio townships and counties zone independently, and many townships treat truck parking as a conditional use. We lend only where it is permitted by right and the township or county says so in a letter.

We also make vacant land loans in Ohio. See a funded Ohio land loan for how our process runs, and read how truck parking lots get financed for the underwriting detail.