For Sale

Acquisition Financing

Acquisition Financing, East Coast, CA

$2,800,000

Acquisition Financing, East Coast, CA

$2.80MM CVS Acquisition Financing

 

Property and Location: 

 

  • STNL CVS property located on the East Coast
  • CVS opted to extend lease 10 years prior to renewal period

Constraints: 

 

  • Sponsors first STNL purchase
  • Appraisal came in Short of expectations

Outcome: 

 

  • 63% LTV / 3.65% Rate
  • 5-yr Term, 12 months Interest Only
  • No Prepay Penalty
  • Non-Recourse


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