Funding Purpose
Permanent Acquisition loan requested to invest in this fast food retail property.
Property Description
Jack in the Box fast food restaurant located in Las Vegas, Nevada. The property is a 1,700 square foot NNN building complete with a drive-thru
Sponsors
Experienced Real Estate Investor who had exchanged out of a large multifamily property and into four smaller STNL deals.
Challenges
- Utilizing our database to find a list of lenders that would offer a 50% LTV with a low interest rate.
Solutions
- Funding with a credit union that offered the lowest interest rate out of all the other lenders making for a happy client.
Funding
- Loan Amount (LTV): 50%
- Interest Rate: 3.61%
- Amortization: 30
- Term: 10
- Recourse: Full
- Prepayment: No Penalty
