4.55% Fixed for 7 Years on NNN Acquisition
Kathy Anderson of Progress Capital arranged $718,000 in financing for a valued client to acquire a newly constructed 2,405 SF single tenant net lease retail property in Lafayette, NJ. The property is subject to a remaining 10 year lease term with Visionworks U.S.A. Inc, with the option to extend.
Additional key terms of this loan include:
- 4.55% Fixed for 7 Years
- 7 Year Term
- 25 Year Amortization
- No Prepayment Penalty
- 68% LTC
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