75% LTV for SNTL Acquisition
Progress Capital, working with high net worth clients, researches and sources Single Tenant Net Lease opportunities to continue to improve ROI across diversified STNL portfolio asset allocations.
Progress located the subject property, negotiated the sale and secured $1,100,000 to acquire the previously off-market 2,550 SF retail establishment for a seasoned client. The subject property currently has a Single Tenant Net Lease (STNL) with a remaining 15-year term. The building is leased to PLS Check Cashing with rent increasing 10% every 5 years for the remainder of the term and an average 6.72% ROI to the borrower.
Additional key terms of this loan include:
- 50% Fixed for 7 Years
- 7 Year Term
- No Prepayment Penalty
- 25 Year Amortization
- 75% LTV
Progress Capital is a commercial real estate advisory company serving clients since 1990. With over $40 Billion in closed loans and $150 Million of directly funded bridge loans, we will get you to the closing table… Plain and Simple. #thatsProgress