Funding Purpose
Refinanced a NNN Del Taco Property in Corona to take advantage of the low interest rate environment
Property Description
Single Tenant NNN Del Taco located in Corona, CA
Sponsors
Sponsor is an experienced Real Estate investor.
Challenges
- Sponsor looking to cut back on his monthly expenses as much as possible.
Solutions
- Borrower is now saving roughly $2,000/month
Funding
- Loan Amount (LTV): 60%
- Interest Rate: 3.23%
- Amortization: 25 Y
- Term: 7 Y
- Recourse: Full Recourse
