
Loan Amount
$1,300,000
Deal Description
We signed this deal up at the very beginning of this year at rates in the high 3% range. Due to the primary tenant being LabCorp, the lender had a requirement that LabCorp renew their lease before closing. Although it took upwards of 6 months for that to occur we were able to maintain a completive rate in the mid 4% range due to our deep relationship with the lender and their willingness to lend at rates that at the time closing were significantly below market.
Property Location
Port Richey, FL, USA
Quick Stats
Partner Type
Bank
Program Type
Perm Loan
Program details
- LTV: 65%
- Rate: 4.5%
- Term- 5yr Term
- 25yr Amortization
- Non- Recourse