This was a purchase transaction for a repeat client who was in a 1031 exchange. This particular client had recently sold off some apartments and had been exchanging into several NNN type properties.
Sometimes you have sellers who are just not cooperative and can make things more difficult than they have to be. That's about all we have to say about that.
ALB structured very competitive financing for the borrower and we closed on time and we are thankful that we are now currently working on another STNL for the same borrower.