Need to close your triple net lending quickly? We’ve got you covered.

“We were asked to find a lender within a tight closing timeline - 40 days - due to no extensions provided by the Seller. We were able to place our borrowers with a lender who helped maximize their debt leverage while matching a loan term to the tenant lease term of 15 years.”

-Chris Miller

Deal Quick Look:

• $1,215,000 financing secured

• 15-year term with 5-year resets throughout

• 75% Loan to Value

• 25-year amortization 

• 2,717 SF Rentable Space

The Property:  This quick service restaurant property, which is owned by an out-of-state group, consists of a 2,717 SF Jack in the Box that sits on a corner outparcel to Walmart. The store was performing well above the national Jack in the Box average for sales per square foot. The lease carried a corporate guarantee from Jack in the Box.

The Challenge:  The borrowers were looking for prepayment flexibility while still closing the deal within a 40-day timeline.

The Solution:  Chris Miller, Managing Director, placed the debt with a Texas-based lending institution. The lender performed in the allotted time frame while advancing 75% of the purchase price. The loan includes a burn-down of recourse guarantees at certain loan-to-value ratios and ultimately becomes a non-recourse loan.