Retail Store Long-Term Financing
Need a limited recourse loan? We can help you find it.
“We were able to close a long-term fixed rate loan that went co-terminus with the newly commenced lease. Our long-time clients were able to maximize their return with a lower interest rate in a secondary DFW market. Limited recourse was a key component to their request”
-Chris Miller
Deal Quick Look:
4.19% Interest Rate
10-year FIXED Term
25-year Amortization
70% Loan to Value
Partial Recourse
The Property: The newly constructed 9,180 SF Family Dollar retail store sat on a large lot of 50,600 SF with three points of entry. The parking lot had ample spaces with enough room for a delivery truck to back up to the building. The building is upgraded new construction with masonry on all four sides.
The Challenge: The borrowers were looking for higher leverage and a long-term fixed note. Limited recourse was crucial too.
The Solution: Chris Miller, Managing Director, placed the debt with a national specialty NNN lease lender that focuses on a predetermined set of tenants. They include long term fixed rates based on lease term.
