Need to close a recession resistant property? We’ve got you covered.
“We were engaged to maximize leverage and amortization on a property that was in its initial lease term. The property was newly constructed and was a great fit in our client’s growing net lease portfolio. We were able to enhance his return with the loan facility.”
-Chris Miller
Deal Quick Look:
Competitive Interest Rate
Secondary Market
Maximum Leverage
The Property: The asset was built in 2015 with 8,330 SF of building area set on 0.80 acres. The building has excellent visibility on a hard signalized corner. There is adequate parking and has two points of access from two highly traveled thoroughfares.
The Challenge: The borrower had a unique and complex ownership structure due a growing fund of NNN lease investments. TNL was able to manage the process upfront and keep the transaction moving throughout the timeline.
The Solution: Chris Miller, Managing Director, placed the debt with a Texas-based lending institution that is part of our NNN lender network. The lender and its underwriting team successfully navigated the pandemic challenges of remote staffing and delayed third parties to successfully close the transaction.
