NNN LabCorp

Port Richey, FL, USA

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