ELIGIBLE PROPERTIES:

NNN franchise restaurants, retail stores, drug stores and “big box” stores.

LOAN SIZES:

$1million+

LOAN TERMS:

5, 7, 10 and 20-year terms and terms coterminous with the lease.

PRICING:

Rate based on spread over comparable-term Treasuries or swap curve.  Spread based on credit quality of the tenant.

MAXIMUM AMORTIZATION:

30 Years

MINIMUM DSCR:

1.2x

MAXIMUM LTV:

75%

RECOURSE:

Full, Partial or non-recourse with standard carve-outs.

PREPAYMENT:

Yield Maintenance, Defeasance and Graduated Prepayment Premium options available.

INTEREST RATES:

Fixed and variable rates are available.

ORIGINATION FEES:

From 0%

THIRD PARTY REPORTS:

MAI Appraisal, Phase I, Property Condition Report and Seismic (as applicable).

ASSUMPTION:

Typically assumable subject to review and approval of the new borrower’s financial position.