triple net single tenant property loan program
National retail and restaurant brands / franchises
Quick Service Restaurants must be 1 of 15 strongest brands
Purchase, Refinance or Cash-Out
* NO upfront fees
* Nationwide Program: (some restrictions in CA, AZ, VT, ND, SD, & NV)
* Loan Amount: $1 million - $100 million +
* Rate: 7.25% +
* Origination Fee: Varies
* LTV: 75% - 80% (Refinance / Cash-out of appraised value)
75% - 85% (Of Purchase Price)
* Term: 10 years
* Amortization: 30 years or interest only
* Recourse: Non-Recourse
* Appraisals: We will accept third party reports less than 6 months old
* DSCR: 1.15X +
* Lease: Must have at least 7 years remaining
* Foreign Nationals: OK
* Funding: 30 days