Closed Loans

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

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