Provide sponsor with a cash-out refinance extending beyond the lease term to provide flexibility and more liquidity for the future investments.
NNN Single Tenant Citibank leased property located in Souther California.
Experienced Real Estate Investor.
- Lease only has 3.5 years remaining.
- Surrounding properties vacant.
- Sponsor had low liquidity.
- Provide 5-year term.
- Maximum Cash-Out.
- Loan Amount (LVT): – 65%
- Interest Rate – 3.5%
- Amortization: – 25 years
- Term – 5 years
- Recourse – 50% Recourse