Net lease Urgent Care Investment provides long term cash flow for wealth generation
Need a quality long-term loan for your net lease to complete your 1031? We got you covered.
“Our client was in a 1031 exchange and sought to add a strong net lease to his real estate holdings for both cash flow and wealth generation / estate planning purposes. We were able to place the loan with a trusted national lender. The borrower also wanted a fixed rate and a 30-year amortization to maximize cash flow. We were able to secure a competitive rate, 30-year amortization with no prepayment penalty.”
-Chris Miller
Deal Quick Look:
5 year Fixed Rate Term
Rate in the 6’s
30-year Amortization
No Prepayment Penalty
The Property: The subject asset consists of a 3,600 square feet new building constructed on a 0.7 acre parcel of land leased to Fast Pace Health on a 15 year NNN lease. The landlord is only responsible for the structure. The two percent (2%) annual rent increases and longevity of the NNN lease made this an attractive investment.
The Challenge: The borrower was in a 1031 exchange with an upcoming deadline and needed to close with certainty and execute quickly. We worked closely with the brokerage firm to assist throughout the process including with SNDA and estoppel execution.
The Solution: Chris Miller, Managing Director, placed the debt with a national lending institution that is part of our NNN lender network. The lender understood the closing timeframe and worked efficiently to add the asset to their portfolio. The process was managed effectively by the Triple Net Lending team as well as the borrowing team.
