Need to refinance a Triple Net lease property? We can help.

“The borrower was looking to recapture equity to be used to purchase additional assets due to the low interest rate environment.  We were able to lock in a long-term loan with a flexible prepayment penalty that occurs only in the first three years of the loan.”

-Chris Miller

Deal Quick Look:

• 10-year Term

• 25-year Amortization

• 70% Loan to Value

• Prepayment penalty only in years 1-3

The Property: The property was purchased in distress and was fully renovated and stabilized when the application was signed. The 11,600 SF building consisting of 6 tenants was one of the initial projects completed in a developing corridor of DFW.

The Challenge: The borrower just finished renovating and achieved tenant stabilization at the point he was seeking equity.

The Solution: Chris Miller, Managing Director, placed the debt with a Texas-based lending institution that rewards borrowers by completing their value-add projects. The loan provided