NNN funding needed

Looking for funding for a NNN property. Current tenant is a publicly traded company (bank) with a lease that goes to 2037. Sale price $1.5M. Looking for a 72-75% LTV, 30 year ammo with a rate of 3.2-3.5%. Anything possible? Thanks, Mark


The triple net lease is the way the tenant has occupancy! Your buying a commercial property which is analyzed and calculated for performance based on the triple net lease. 

You can certainly get 70 to 75 percent as purchase money, in fact lenders can make 80 percent depending on property profile.
Your interest rate for conventional is going to be more like a 4 to 4.3 rate on a 30 year amortization due in 7 to 10 years.

Your not going to get 3.2 to 3.5 on rate I think 3.75 is lowest for a 30 due in 3 years. With a long term lease you want a minimum
of 7 years and better at 10 or 15 before needing to refinance. Most lenders do not have a 30 due in 30 available because of the
likely fed rate change and long term rates likely to go up.

Good luck,