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| Minimum B2 rated tenant. i.e.; CVS, WALGREENS, WALMART or other chainstores. |
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| Single asset, single purpose entity. |
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| Most competitive interest rates, high leverage financing, expert commercial financing staff. Non Recourse loans. |
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| Determined by market rates at the time of rate lock. Rates vary by loan-to-value ratio, debt service coverage and property quality. |
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| Up to 30 years depending on the cash flow, location of the property and quality of the construction. |
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| Multiple transfer permitted; 1% fee . |
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| 100% for Investment Grade if the loan term is the same as the lease term. 85-95% loan to value when the amortization is longer than the lease term. |
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| 1.03x’s for AAA and 1.10- 1.15x’s for B Tenants. |
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| Require appraisal, structural engineering and environmental reports. . |
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| Based on Credit Quality of Tenant and strength of the lease. . |
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| 1.25x of deferred maintenance. Insurance/Tax reserves required. |
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| Can secure a 6-month forward commitment for a one time 7% fee. |
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| Carve outs based on NNN,NN, or N structure. |
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Include the following in your request for a loan quote:
1. Property description and location map .
2. Representative Color photos.
3. Current rent roll and year-to-date operating statement.
4. Operating history - prior 3 years, if available.
5. Current year operating budget.
6. Existing debt and cost basis.
7. Sponsor resume.
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