What type of financing term should I expect for the NNN leased properties with long term lease (10-20years) to credit tenant with 20% down. Priced less than 1 Million. E.g: taco bell, burger king or other retaurants. In following scenarios.
- Loan amount is between 250,000 to 500,000.
- Loan amount is between 500,000 to 750,000.
Who should I be contacting for this type of loan. Local banks or some one else. Is there a rule of thumb I should use like 10-year treasury + 1.5% etc to run my numbers. How the financing term changes if the lease is not guaranteed by the corporation but it is guaranteed by the franchisee with 100 stores. Properties are not in my home state (NJ).
The key to successful net lease real estate operation is sound financing precisely tailored to the needs of the property owner. The primary distinguishing feature of SD Commercial Finance is our creative approach to NNN real estate issues. Typically, we fund specialty properties, retail and franchise owned real estate on a 30 yr term and 30 yr amoratization schedule.
We aim to coordinate your financing needs with a funder that will execute your loan request in an organized and effective manner. We want to ensure that you receive the highest level of service. This attention continues throughout the acquisition process to assure its ultimate funding at closing. Since I don’t have all the credit history, I can only provide general rate information. Rates start at 8% and vary depending on the tenant and leases.