PROGRESS CAPITAL | 20 Year Fixed Rate for Rite Aid in Lavallette, NJ
Lavalette, NJ - Kathy Anderson of Progress Capital Advisors secured a $2,600,000 commercial loan for a valued client who used the $1,800,000 cash out to fund other CRE acquisitions. The property is subject to a 20 Year NNN lease to Rite Aid with 7 years remaining on the primary term. Terms of this loan include:
Commercial Mortgage property rite aid single tenant lease nnn lavalette new jersey retail
15202
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Lavalette, NJ – $2,600,000

Category
Retail
About This Project

 

20 Year Fixed Rate for Rite Aid in Lavallette, NJ

 

Lavalette, NJ – Kathy Anderson of Progress Capital Advisors secured a $2,600,000 commercial loan for a valued client who used the $1,800,000 cash out to fund other CRE acquisitions.  The property is subject to a 20 Year NNN lease to Rite Aid with 7 years remaining on the primary term.  Terms of this loan include:

 

  • 20 Year Fixed Rate with Resets
  • Forward Rate Lock
  • Swap Breakage Prepay
  • 30 Year Amortization
  • 30 Year Term
  • 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