• (800) 510-2214
  • info@albcommercialcapital.com
  • Cal BRE License #01379610
  • (800) 510-2214
  • info@albcommercialcapital.com
  • Cal BRE License #01379610

Single Tenant Retail

Another Successful Funded Loan

  • $803,571
  • 5 Year Fixed @ 3.950%
  • Purchase - 45% LTV
  • Single Tenant
  • Restaurant Property
  • Fleming Island, FL

ASSIGNMENT:

This was a purchase for clients in 1031 exchange. This was part of a portfolio of NNN properties being purchased.

CHALLENGE:

On these NNN properties it is so important to get the SNDA's, leases, and tenants Insurance all out for review to lenders legal way ahead of time which we did, but the lender was overwhelmed short staffed which created a little headache at the end, but we worked through it.

SOLUTION:

The loan officer at ALB Commercial Capital negotiated great terms for the borrower.