Borrower improves Family Investment Portfolio with addition of 2nd Net lease Urgent Care Investment
Need a quality long-term loan for your net lease? We got you covered.
“Earlier this year, our client acquired a similar new urgent care facility and now just completed adding a second facility for additional cash flow and wealth generation to the family real estate holdings. We were able to place the loan with a trusted national lender. The borrower also wanted a fixed rate and a 30-year amortization to maximize cash flow. We were able to secure a competitive rate, 30-year amortization with no prepayment penalty.”
-Chris Miller
Deal Quick Look:
5 year Fixed Rate Term
Rate in the 6’s
30-year Amortization
No Prepayment Penalty
The Property: The subject asset consists of a 2,800 square feet new building constructed on a 0.7 acre parcel of land leased to Fast Pace Health on a 15 year NNN lease. The landlord is only responsible for the structure. The two percent (2%) annual rent increases and longevity of the NNN lease made this an attractive investment.
The Challenge: The borrower was seeking to put their capital to work by selling a low performing asset and buying a new quality asset with a NNN lease backed by a well-known private equity firm with a strong track record. We worked closely with the brokerage firm to assist throughout the sales process.
The Solution: Chris Miller, Managing Director, placed the debt with a national lending institution that is part of our NNN lender network. The lender understood the closing timeframe and worked efficiently to add the asset to their portfolio. The process was managed effectively by the Triple Net Lending team as well as the borrowing team.
