Flex Office/Industrial Building with net lease provides attractive return for investor
Need a quality loan for your net lease to maximize your return? We got you covered.
“Our client was seeking a loan to accommodate an investment in a specialty net lease asset to add to his real estate holdings to maximize cash flow and earn a high rate of return. We were able to place the loan with a regional lender. We secured a competitive rate, 75% loan-to-value, 25-year amortization with short prepayment penalty.”
-Chris Miller
Deal Quick Look:
3 year Fixed Rate Term
75% Loan-to-Value
25-year Amortization
Short Prepayment Penalty
The Property: The subject asset consists of a 7,500 square feet, 4 year old building constructed on a 2 acre parcel of land leased to a national company specialty company. The building is comprised of 1,500 SF office, a 6,000 SF fully insulated shop with 3-Phase power and a covered wash-bay. The landlord is responsible for the structure only.
The Challenge: The borrower was seeking an attractive loan with flexibility for his future plans that may include an early investment exit. Triple Net Lending engaged a trusted regional lender that knows the area and has a strong track record of performing. The lease was a 3 year term which runs coterminous with the loan. We worked closely with the brokerage firm and lender to close successfully and on time.
The Solution: Chris Miller, Managing Director, placed the debt with a regional lending institution that is part of our NNN lender network. The lender understood the closing timeframe and worked efficiently. The process was managed effectively by the Triple Net Lending team as well as the borrowing team. The borrower is achieving an excellent double digit return.
