PROGRESS CAPITAL | Greensboro, NC – $1,100,000
15385
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Greensboro, NC – $1,100,000

Category
Retail
About This Project

 

75% LTV for SNTL Acquisition

 
Greensboro, NCBill Howard of Progress Capital Advisors, 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.
 
Howard located the subject property, negotiated the sale and secured $1,100,000 to acquire the previously off-market 2,550 SF retail establishment for his 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:
 

  • 4.50% Fixed for 7 Years
  • 7 Year Term
  • No Prepayment Penalty
  • 25 Year Amortization
  • 75% LTV

 
Progress Capital Advisors loan programs include Fixed Rate Loans, Construction and Specialty Financing as well as Directly Funded Bridge Loans.  With over $40 Billion in closed loans and $100 Million in bridge and direct lending, we will get you to the closing table … plain and simple.  #thatsPROGRESS