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.