This is a great program for eligible projects to receive hassle free funding. Loan amounts are $500k and up. This loan is project based only. Business plan or executive summary is required. Borrower is responsible for closing costs. These costs are tax deductible. All lender fees are included in loan amount. Loan has great rates and terms.
Please give us a call for additional information. This is a great avenue for real estate investors, existing & startups to get the funding they need.
I'm seeking an 5 yr. 5% fixed interest only non recourse asset based loan w/no upfront fees, points built into the loan, no prepayment penalties, no doc no personal guarantee funding for the following:
Family Dollar
Purchase Price: $1.3m
NOI: $107,518
Cap rate: 6.25%
Lease Type: NNN with 15yrs. remaining (with 6 five year lease options with rent increases @ 5%)
Lease Expiration: 2032
Turnkey, tenant responsible for all maintenance, taxes, landscape, CAM, roof, HVAC, & structure