PROGRESS CAPITAL | Holton, KS – $772,500
14672
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Holton, KS – $772,500

Category
Retail
About This Project

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