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Eligible
Properties: NNN franchise restaurants, retail stores,
drug stores, and “big box” stores
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Loan
Sizes:$500,000 +
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Programs:
5, 10, and 20 year terms and terms coterminous with the
lease.
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Loan
pricing: Rate based on spread over comparable-term
Treasuries. Spread based on credit quality of tenant.
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Maximum
Amortization: 25 to 30 years
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Minimum DSCR:
1.10 (Can go lower for high-quality properties.)
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Loan Terms:
Up to 25 years
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Maximum Loan
to Value: 75%
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Recourse:
Typically non-recourse with standard carve-outs.
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Prepayment:
Based on yield maintenance or defeasance.
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Loan Fees:
.5% - 1%
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Processing
Fees: $5,000 - $15,000
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Third Party
Reports: Appraisal, Phase 1 Environmental.
(Additional reports may be required on larger
transactions.)
If you
require additional information, or would like to speak
to one of our commercial financing specialists, please call
us at 888.488.3807 or
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