Sold

NNN Citibank Retail – Cash Out, Refinance

Glendora, CA

$1,750,000

Glendora, CA

 

Funding Purpose

Provide sponsor with a cash-out refinance extending beyond the lease term to provide flexibility and more liquidity for the future investments.

Property Description

NNN Single Tenant Citibank leased property located in Souther California.

Sponsors

Experience Real Estate Investor.

 

Challenges

  • Lease only has 3.5 years remaining.
  • Surrounding properties vacant.
  • Sponsor had low liquidity.

Solutions

  • Provide 5-year term.
  • Maximum Cash-Out.

Funding

  • Loan Amount (LVT): - 65%
  • Interest Rate – 3.5%
  • Amortization: - 25 years
  • Term - 5 years
  • Recourse – 50% Recourse


Matt Ingle

Matt Ingle

TITLE

Associate Director, Capital Advisor

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