Holton, KS STNL
A referral and first-time STNL Buyer was seeking to purchase real estate with the following requirements:
CHALLENGE:
· Absolute NNN
· Long Term Lease
· Investment Grade Tenant
SOLUTION:
Progress Capital was able to secure the loan on a newly constructed 20 year NNN Burger King and met all the client’s requirements, resulting in a 7.10% annual ROI. The property comes with four additional 5-year renewal options and 7.5% rent escalations every 5 years.
· Acquisition: $1,545,000
· Loan Amount: $772,500
· Loan to Value: 50%
· Amortization: 30 years at 4.25%
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