By Jeff Rauth. SBA Loan Officer at a Bank That Lends Nationally. 15 Years Commercial Real Estate Experience. 248 885-8797. firstname.lastname@example.org.
We are currently seeking NNN property loans, nationwide, on requests from $400,000 to $10,000,000. We are experts within this sub segment of the commercial mortgage business and have closed many triple net transactions throughout the nation. Such as single tenant fast food restaurants (KFC’s, Captain D’s, Denny’s, Taco Bells, etc) as well as general use building types such as industrial and retail.
Our loan to values are generally capped at 65%. We have fixed rates from 1, 3, 5 and 10 years (and longer on select properties) with 20 and 25 year amortization schedules. Most importantly we are getting these loans closed despite the continued credit crisis.
Your tenants do NOT have to be credit grade with us, in fact they can have as few as one location. Another distinct advantage with us is that we do not have to tie the amortization schedule to the remaining term of the tenant’s lease. And shorter lease periods are acceptable as well, ie a couple of years left on the lease is ok.
If you are in the process of refinancing or acquiring NNN property, with a minimum loan amount of $400,000 we likely have great loan programs for you. Please take a moment to fill out our Pre Approval Form so that we can come back to you with specific terms and quotes.
Highlights To Our Triple Net Financing:
- Tenant(s) does not have to be credit rated, can be “mom and pop” tenant.
- No minimum vacancy requirements, as long as it cash flows, we are fine.
- Fixed rates from 1, 3, 5, 10 to 25 years
- 15, 20 or 25 year amortization schedules.
- Outstanding rates.
- Loan to value up to 65%. Debt Coverage Ratios as low as 1.05
- 650 minimum credit score.
- We are 1031 exchange financing experts.
Contact us today regarding your NNN loan or credit tenant financing request. We have the experience and expertise to get you loan closed. For meaningful answers, to your specific situation, please fill out our pre approval form below.