New triple-net lease retail construction deals are getting multiple bids when brought to market.
New triple-net lease retail new construction deals are continuing to garner lender interest through the pandemic. Tauro Capital Advisors recently completed three new construction triple-net loan transactions totaling $50 million. The firm says that it received several bids from lenders when it took the transactions to the market.
“We continue to receive several bids on NNN construction deals when we take these to market,” Tony Festa, director and capital advisor at Tauro Capital Advisors, tells GlobeSt.com. “One of the key reasons for this is our unique approach and deep lender relationships. Each week up to three lenders presents to our entire team, providing in-depth details on what opportunities they’re actively lending on and their specific qualifiers. Because of this, we always know where the capital is, what they are looking for, and how to access it for our clients.”