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STNL - 100% Loan Facility

Western, US

$6,500,000

Western, US

$6.5M Acquisition Financing

 

Outcome:

 

  • Proceeds funded land acquisition, permitting & entitlements, construction costs, developer fee, interest reserve, all closing costs, and reimbursed all pursuit costs
  • Providing Developer certainty of funds allowing for dramatic expansion of development pipeline without sharing profit participation

Overview:

 

  • $15MM Loan Facility for 3 years to fund 100% of costs for single-tenant net-leased developments
  • Interest accrued only on funds disbursed on a project basis

Constraints:

 

  • The lesser of 100% of Costs or 80% of Stabilized Value


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