- Assist Sponsors in expanding their Real Estate portfolio outside of Multifamily assets by acquiring first Retail property.
- Single Tenant NNN Jiffy Lube Located in Western US.
- The sponsor is an experienced real estate investor.
- Sponsor’s First NNN Purchase
- Tenant is a Franchisee
- Sponsors live in different state than subject property
- Funding secured despite the challenges
- Loan Amount (LTV): 65%
- Interest Rate: 3.99%
- Amortization: 30 Y
- Term: 7 + 3
- Prepayment: Allowed