Sold

NNN Wendy’s – Cash Out/Refinance

CLARKSVILLE, TN

$1,800,000

CLARKSVILLE, TN

 

Funding Purpose

Borrower was looking to lower  his interest rate and pull max cash out in order to purchase more real estate

Property Description

This is a STNL Wendys Drive through that was operated by a franchise who owned a handful of other locations

Sponsors

Borrower is a very experienced retail investor who is actively looking to purchase value add retail in todays market

Loan Pro **

  • Lender did not require an SDNA or Estoppel which shortened the closing timeline

 

Funding

  • Loan Amount (LTV): 70%
  • Interest Rate: 3.75%
  • Amortization: 25 Y
  • Term: 10 Y
  • Recourse: Yes
  • Prepayment: Open


Matt Bucaro

Matt Bucaro

TITLE

Senior Director, Capital Advisor

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