NNN Wendy’s – Cash Out/Refinance

Southeast, US


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


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


  • Sponsor wanted lowest to find the lowest interest rate and highest proceeds


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


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

Managing Director  | Capital Advisor